19.10.2015 - Halliburton has reduced revenue by 36%
The American company, which operates in the field of oil and gas equipment and services Halliburton, reported a loss in the third quarter against the backdrop of the costs associated with the acquiring of rival Baker Hughes for $ 35 billion. In addition, weak demand from North American consumers has led to deterioration in revenues. Thus, revenues in North America fell by 47% compared to last year due to low oil prices. Overall, the company's loss amounted to $ 54 million, against a profit of $ 1.2 billion in the third quarter of 2014. Revenue for the same period fell by 36% to 5.58 billion. At the moment, we see no reason to buy shares of the company, but at the beginning of 2016 may revise our forecasts.