Halliburton falls as second-quarter Middle East revenue drop overshadows profit beat

Halliburton posted adjusted profit per share of 55 cents for the quarter ended June 30, compared with analysts' average expectation of 54 cents, according to data compiled by LSEG.

As of the last close, the stock was up 24.2%.

• Shares of oilfield services firm Halliburton HAL.N slipped 3.7% to $33.81 premarket.
• Halliburton said revenue from the Middle East dropped nearly 11% to $1.3 billion in the second quarter, hit by lower oilfield activity in Kuwait, Iraq and Qatar.
• Revenue in North America came in flat at $2.28 billion, primarily due to lower specialty chemicals activity in U.S. Land.
• Revenue in Latin America increased nearly 15% to $1.12 billion.