Halliburton Q4 profit falls 35 pct on weak US onshore drilling

Fri Jan 25, 2013 7:09am EST

Jan 25 (Reuters) - Halliburton Co, the world's second-largest oilfield services company, reported a 35 percent decline in profit on a slowdown in U.S. land drilling caused by a glut of natural gas.

Net income from continuing operations fell to $589 million, or 63 cents per share, in the fourth quarter from $906 million, or 98 cents per share, a year earlier.

Revenue rose 3 percent to $7.3 billion.