BKR - Halliburton hobbled by slower growth forecast weaker overseas margins

Halliburton ([[HAL]] -4.3%) plunges as much as 7.5% despite beating Q1 earnings estimates, as it warns of slowing demand for its oil drilling and fracking services.North American order growth will "moderate" during the current quarter, while overseas drilling margins will drop as much as 1.25 percentage points, CFO Lance Loeffler said during today's earnings conference call.The guidance suggests Halliburton's Q2 operating income will come in below expectations, Tudor Pickering Holt analyst George O’Leary says, adding that the company needs "positive earnings momentum or stronger crude to keep the run going."Meanwhile, Tudor Pickering finds more to like in rival Baker Hughes' ([[BKR]] -0.6%) Q1 results, noting free cash flow "proved quite prodigious," coming in at $498M vs. Wall Street consensus of $172M and $518M in all of 2020."These results were strong to quite strong and should help Baker Hughes lift its back up off the mat," the analyst says.Thanks to strong

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Halliburton hobbled by slower growth forecast, weaker overseas margins