Halliburton profit exceeds analysts estimates as costs cut; shares rise
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(Reuters) - Halliburton Co on Monday reported a second-quarter profit that beat analysts' estimates as its largest oil-well services unit exceeded expectations, sending shares to their biggest one-day gain in nearly three years.The Houston-based oilfield company is the largest provider of hydraulic fracturing services in North America, a segment of the business that has been hard-hit by overcapacity, making it difficult to raise prices.Halliburton Chief Executive Officer Jeff Miller said that..