Halliburton Co.’s profit tumbled in the last quarter after a yearlong crude-market crash forced customers to slam the brakes on oilfield work.
The world’s largest fracking-services provider said second-quarter net income fell to to $54 million, or 6 cents a share, from $774 million, or 91 cents, a year earlier, the Houston-based company said in a statement Monday. Excluding certain items, the per-share result was 44 cents, more than the 29-cent average of 34 analysts’ estimates compiled by Bloomberg. Sales fell 26 percent to $5.91 billion.
Brazil Energy Insight 
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