Halliburton Profit Beats Forecasts Despite Softness in Demand

Halliburton Co. was able to lift revenue and profit during the third quarter past expectations, but the oil-field services company said demand for some of its key operations came in weaker than anticipated.

Houston-based Halliburton said infrastructure constraints in North America and what it termed as customer “budget exhaustion” resulted in less demand for its completion services, which make wells ready for use.

The...