Halliburton’s 3Q earnings hit $611M, helped by energy services

[sabra]

http://www.cantonrep.com/index.php?ID=315011&Category=5

Halliburton’s 3Q earnings hit $611M, helped by energy services, mild weather

DALLAS (AP) — Halliburton Co. watched third-quarter net income rise 22 percent, thanks in part to fewer disruptions from hurricanes, which beset the oil industry last year.

The Houston-based oilfield services conglomerate Sunday posted $611 million, or 58 cents per share, in net income for the June-September quarter, including a $4 million charge from discontinued operations.

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Halliburton’s Iraq-related work contributed nearly $1.2 billion in revenue in the third quarter of 2006 and $45 million of operating income, a performance that pleased analysts.

“Iraq was better than expected,” said Jeff Tillery, analyst with Pickering Energy Partners Inc. “Overall, there is nothing really to question or be skeptical about. I think the results are very good.”