Halliburton knows the drill. Despite a big drop in quarterly earnings reported on Monday and a gloomy outlook for U.S. shale—where the oil-field services company is the market leader—investors liked what they heard. Shares of the Houston-based company rose nearly 8% by midday. Companies that sell picks and shovels to the oil-and-gas industry...

Source: Wall Street Journal October 21, 2019 17:37 UTC