Halliburton reports q1 loss per share of $1.16

Halliburton announces first quarter 2020 results.q1 adjusted earnings per share $0.31 excluding items.q1 loss per share $1.16.q1 revenue $5.0 billion versus refinitiv ibes estimate of $5.01 billion.q1 earnings per share estimate $0.24 -- refinitiv ibes data.expect activity in north america land to sharply decline during q2 and remain depressed through year-end, impacting all basins.expect activity in north america land to sharply decline during q2 and remain depressed through year-end.recognized $1.1 billion of pre-tax impairments and other charges in quarter.to reduce overhead and other costs by about $1 billion, lower capital expenditures to $800 million, improve working capital.completion and production revenue in q1 of 2020 was $3.0 billion, a decrease of $700 million, or 19%, when compared to q1 of 2019.internationally, believe activity changes will not be uniform across all markets.drilling and evaluation revenue in q1 of 2020 was $2.1 billion, which was flat from q1 of 2019.north america revenue in q1 of 2020 was $2.5 billion, a 25% decrease when compared to q1 of 2019.international revenue in q1 of 2020 was $2.6 billion, a 5% increase when compared to q1 of 2019.decline in q1 north america revenue mainly due to reduced activity, pricing in north america land.for remainder of 2020, company expects a further decline in revenue and profitability, particularly in north america.
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