Halliburton leaves the worst behind with triple profit in 1Q

Oilfield services provider Halliburton more than tripled its first quarter 2019 profit when compared to the prior-year while its revenues stayed flat. The company believes that the worst in the pricing deterioration is behind and predicts progress in demand for its services. 

Halliburton on Monday posted a net income of $152 million for the first quarter of 2019. This compares to net income for the first quarter of 2018 of $46 million.

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