Halliburton Results Better Than Expected

[gateley]

Halliburton Co. (NYSE: HAL - News) – one of the largest oilfield service providers in the world – reported significantly better-than-anticipated second-quarter 2010 results. This was helped by the strength and sustainability of the all-important North American onshore activity levels (to which the company is heavily exposed through its market-share-leading pressure-pumping business).

Earnings per share from continuing operations came in at 52 cents, comfortably beating the Zacks Consensus Estimate of 37 cents and the year-ago adjusted profit of 30 cents (excluding employee separation costs).

Revenues of $4.4 billion was 25.6% greater than that achieved during the second quarter of 2009 and also surpassed the Zacks Consensus Estimate of $4.1 billion, as sales increased across the company’s business units./ /snip

More...
http://finance.yahoo.com/news/Halliburton-Results-Better-zacks-1761831531.html?x=0&.v=1

[Angry Dragon]

1. I am so glad, I will sleep better tonight knowing this

Nothing against the OP, just pissed at oil

[gateley]

4. No offense taken. My jaw dropped when I read that. These

behemoths are like the Tribbles on Star Trek - regardless of what happens, they keep on surviving and growing. It's SO WRONG!

[onehandle]

2. Of course. All according to plan. nt

[louis-t]

3. I thought this meant they were doing a better 'job'

than expected. Chee nee must be very proud.