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Halliburton blames hurricanes for $80M earnings loss
Comments 0 | Recommend 0HOUSTON (AP) - Halliburton says disruptions from hurricanes Gustav and Ike in the Gulf of Mexico will probably cut into third-quarter earnings.
The oilfield services company, which has corporate offices in Houston and Dubai, said Monday the impact of the two storms will likely reduce revenue by about $80 million in the July-September period, and earnings by 4 cents a share.
Halliburton says the late-summer hurricanes caused minor damage to some of its facilities along the Gulf Coast and interrupted operations in the Gulf and parts of Louisiana and Texas.
Halliburton shares tumbled in early trading, falling $2.66, or nearly 8 percent, to $31.34.
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