Halliburton Profit Rises (19% Over Quarter)

[Hissyspit]

Source: Reuters

Halliburton profit rises, tops Street view
Mon Jul 23, 2007 8:32AM EDT

HOUSTON (Reuters) - Halliburton Co., (HAL.N: Quote, Profile, Research), 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.

Also included in second-quarter 2007 operating income was an after-tax gain of 3 cents a diluted share from the sale of an investment, Halliburton said. Excluding one-time items, analysts on average had expected the company, which was once headed by Vice President Dick Cheney, to report a profit of 56 cents a share, according to Reuters Estimates.

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