Reply #3: From Oct. '06: "Iraq was better than expected" [View All]

[nickyt]

http://www.toptechnews.com/news/Halliburton-s-Income-Ri...

Halliburton's Income Rises 22 Percent


Halliburton Co. watched third-quarter net income rise 22 percent, thanks in part to fewer disruptions from hurricanes, which beset the oil industry last year. snip

KBR has kept the company, once led by Vice President Dick Cheney, under lawmakers' microscope for its work in Iraq since the U.S. invaded the country three years ago.

Halliburton's Iraq-related work contributed nearly $1.2 billion in revenue in the third quarter of 2006 and $45 million of operating income, a performance that pleased analysts.

"Iraq was better than expected," said Jeff Tillery, analyst with Pickering Energy Partners Inc. "Overall, there is nothing really to question or be skeptical about. I think the results are very good."

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