19.96%SPY 79.52 
5.39%XLF 9.68 3.09%
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HOUSTON - Halliburton shares slumped Monday as the oil services company warned that earnings and revenue would take a hit from hurricanes Gustav and Ike.
| HAL | 15.33 |  1.87 |
"The impact of the two hurricanes is currently anticipated to reduce revenue and earnings per diluted share for the quarter ended Sept. 30, 2008 by approximately $80 million and 4 cents per share, respectively," the company said in a statement.
Earlier this month, Hurricane Ike battered the Texas coastline with 110 mph winds and a 12-foot storm surge and was been blamed for at least 61 deaths.
Last week, the Minerals Management Service reported that 4,175 million cubic feet per day of the Gulf's natural gas production remained shut-in, equivalent to 56.4 percent of the Gulf production. The MMS said 770,408 barrels of crude production in the Gulf was also shut in, representing about 59 percent of total production in the region.
Halliburton shares fell $2.74, or 8 percent, to $31.26 in midday trading.
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