Halliburton Co. said operating results for the...

Halliburton Co. said operating results for the third quarter reflected continued weakness in the company’s major markets. Third-quarter revenue fell 15% to $1.2 billion, and net income slipped 34% to $62.4 million. The Dallas-based company attributed much of the decline to lower domestic drilling activity and continued pressure on prices for oil field services. Operating income from industrial engineering/construction services was about twice that of the 1984 quarter, due in part to the absence of South Texas Nuclear Project litigation expenses and the effective management of costs. The marine engineering/construction group had a small loss for the quarter.