Halliburton Reports Flat Second Quarter

Halliburton says net income was flat in the second quarter as an increase in international drilling was balanced by a slowdown in North America.

The Houston oil and natural gas services firm reported net income of $737 million from April to June, or $0.79 a share. That compares with $739 million for the same part of 2011. Revenue increased 22% to nearly $7.25 billion.

Excluding charges from discontinued operations, Halliburton says it earned $0.80 per share in the quarter.

Analysts, who typically exclude special charges, were expecting earnings of $0.75 a share on revenue of just under $7 billion, according to FactSet.

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Andrew Schneider

Business Reporter

Andrew Schneider joined KUHF in January 2011, after more than a decade as a print reporter for The Kiplinger Letter...