Halliburton profit rises, tops Street view

Halliburton Co., the world's second-largest oil services company, said on Monday that second-quarter profit from continuing operations rose 19 percent, topping Wall Street views, helped by new international contracts.

Investors pushed shares of Halliburton up about 3.5 percent to $37.88 in pre-market trading.

Earnings from continuing operations climbed to $595 million, or 63 cents a diluted share, from $498 million, or 47 cents a 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.

Uncle Dick

Halliburton Co HAL (NYSE)

Permalink :: 0 comments :: Post a Comment