(Bloomberg) — Halliburton Co. impressed investors by slashing costs more than expected as the fracking behemoth works its way through an historic shale bust.The Houston-based company posted $456 million in free cash flow during the second quarter, it said in a statement on Monday, and is charting a “fundamentally different course” after firing thousands of workers and slashing its dividend in recent months. The free cash flow number was more than double analysts’ forecasts. Shares rose more than 5% in early trading.The world’s biggest provider of fracking “inked simply outstanding results vs. expectations,” analysts at Tudor Pickering Holt & Co. …read more
Source:: Yahoo Finance
