Halliburton International Sales Rise, Offsetting Weak US

Oilfield services provider Halliburton Co.’s (NYSE: HAL) third-quarter profit edged past analysts’ estimates on Oct. 22, helped by its international business, even as pipeline bottlenecks in North America led to fewer well completions.

Halliburton, the largest provider of hydraulic fracturing services, has seen demand for its services soften as U.S. producers cut down on spending and transportation bottlenecks in the Permian Basin of west Texas and New Mexico pushed the price of regional crude lower.