Halliburton Provides Operational Update

Halliburton HAL reiterated today that it expects first quarter earnings to be impacted by seasonal declines due to the effect of year-end product sales and typical weather-related issues that occur in the first quarter of every year. The company estimates that the impact of these items will be at the high end of the historical range of 5 to 8 cents per share due to adverse weather conditions in North America and Australia. Additionally, the company has experienced disruptions due to geopolitical issues in certain locations in the Middle East and North Africa that will severely affect first quarter results in the range of 3 to 4 cents per share.