Latest news with #marketsoftness
Wall Street Journal
a day ago
- Business
- Wall Street Journal
Halliburton Sees Softer Oilfield Services Market as Profit, Revenue Slide
Halliburton HAL -0.19%decrease; red down pointing triangle expects markets will be softer than previously thought after logging lower second-quarter profit and revenue. Chairman and Chief Executive Jeff Miller on Tuesday said he expects the oilfield services market will be softer than previously expected over the short to medium term and that activity reductions in a few large markets will likely overshadow the better performances of other geographies.
CNA
2 days ago
- Business
- CNA
NXP second-quarter revenue falls 6%
Chipmaker NXP Semiconductors posted a 6 per cent drop in second-quarter revenue on Monday, led by weakness in communications and infrastructure segment amid broader market softness. NXP's revenue for the second quarter fell 6.4 per cent to $2.93 billion, although it still narrowly beat analyst expectations of $2.90 billion, according to data compiled by LSEG. NXP's chips are used for high-speed digital processing utilized in sectors such as automotive, manufacturing, telecommunications and the Internet of Things (IoT). The shares of the company fell 5 per cent in trading after the bell. Revenue from its communication and infrastructure segment fell 27 per cent to $320 million in the quarter. Industrial and IoT revenue fell 11 per cent, while the automotive segment was flat. For the third quarter, the company expects revenue to be between $3.05 billion and $3.25 billion, the midpoint of which is above analysts' estimates of $3.07 billion.
