Yeah!Some good news-Halliburton's profits exceed expectations

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http://news.yahoo.com/s/nm/20070723/bs_nm/halliburton_results_dc_3;_ylt=AmwT2BUwQcVAcfv4k2uUXBpkM3wV
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The increase in 2007 second-quarter operating income was primarily generated by increased customer activity and new international contracts, the company said.

Net income for the second quarter was $1.5 billion, or $1.62 per diluted share, including a gain of $933 million from the separation of engineering and construction firm KBR Inc. (NYSE:KBR - news). This compares with $591 million, or 55 cents per diluted share, a year earlier.

KBR, which is the U.S. Army's largest private contractor in Iraq and has drawn scrutiny by the government for billing claims, was split off from Halliburton earlier this year.

Revenue for the company, which has headquarters in Houston and Dubai, rose 20 percent to $3.7 billion. Analysts had expected about $3.5 billion, according to Reuters Estimates.

(Reporting by Anna Driver in Houston)

War profiteers.Nothing less.