Halliburton almost doubles second-quarter net income

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http://www.duluthsuperior.com/mld/duluthsuperior/business/15085790.htm

Posted on Thu, Jul. 20


KRISTEN HAYS
Associated Press

HOUSTON - Oil services conglomerate Halliburton Co. posted second-quarter net income nearly double that of a year ago mostly on strong demand for and higher prices charged by its energy services sector, the company announced late Thursday.

Net income was $591 million, or 55 cents per share, compared with $392 million, or 38 cents per share, in the second quarter of 2005. Results in the most recent quarter include $82 million in after-tax income from discontinued operations, or 7 cents per share, and a pretax gain of $123 million on the sale of the production services group of KBR, Halliburton's construction and engineering segment.

Analysts surveyed by Thomson Financial expected earnings of 49 cents per share.

Revenue reached $5.54 billion, up 12 percent from $4.97 billion in the year-ago period...