US Stock Market Move | Halliburton (HAL.US) fell nearly 6% as Q3 revenue guidance weakened.

On Tuesday, Halliburton (HAL.US) fell nearly 6%, closing at $33.07. On the news front, the financial report showed that the world's largest hydraulic fracturing service provider, Halliburton, had Q2 revenue of $5.71 billion, a year-on-year increase of 3.7%, better than market expectations; adjusted earnings per share were $0.55, better than market expectations; however, adjusted operating profit was $683 million, a year-on-year decrease of 6.1%, falling short of the analysts' average expectation of $688.7 million. During the conference call on July 21st, the company forecasted that in the third quarter, drilling and evaluation business revenue will decline by 3% to 5% sequentially, while completion and production business revenue will remain flat to decline by 2% sequentially, with overall revenue guidance weak.