Halliburton almost doubles second-quarter net income

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

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.

[C_U_L8R]

1. If that's not war profiteering

then......... ack !!!

[CAG]

2. Whew... I was starting to worry about them... I can rest easy now that

I know Cheney's baby is still worth bajillions.

[Booster]

3. Not too long ago their stock was around $70 and now it is $31.

How the hell does that happen?

[NNN0LHI]

4. I am guessing split? n/t