Lower hydraulic fracturing prices continue to sting Halliburton in first quarter

[Elderberry]

Houston Chronicle by Sergio Chapa April 22, 2019

Lower prices for hydraulic fracturing services in North America continue to sting Houston-based Halliburton, the second largest oilfield service company in the world.

Halliburton posted a $152 million profit and earnings per share of 17 cents on $5.7 billion of revenue during the first quarter, the company reported early Monday morning.

The company's first quarter earnings fell in line with Wall Street expectations of earnings per share of 22 cents and beat expectations of $5.52 billion of revenue

More: https://www.houstonchronicle.com/business/energy/article/Lower-hydraulic-fracturing-prices-continue-to-13784839.php

[IsailedawayfromFR]

The market is weeding out those making those not astute enough to wisely expend their money.