UPDATE: Halliburton Posts Drop In Q3 Profit

Halliburton Co

reported a drop in its third-quarter profit. Halliburton's quarterly profit fell to $602 million, or $0.65 per share, versus $683 million, or $0.74 per share, in the year-earlier period. Its adjusted profit came in at $0.67 per share. Its revenue surged to $7.11 billion from $6.55 billion. However, analysts were expecting earnings of $0.67 per share on revenue of $7.14 billion. Halliburton shares dropped 0.78% to $34.29 in pre-market trading.