UPDATE: Halliburton Posts Drop In Q2 Profit

Halliburton Co HAL reported a drop in its second-quarter net profit. Halliburton's quarterly profit fell to $679 million, or $0.73 per share, from $737 million, or $0.79 per share, in the year-earlier quarter. Its revenue rose to $7.32 billion from $7.23 billion. However, analysts were projecting a profit of $0.72 per share on revenue of $7.26 billion. Halliburton shares gained 1.57% to $46.55 in pre-market trading.