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Halliburton 1st Quarter Earnings Surge [View All]

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Triana Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Apr-20-06 05:48 PM
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Halliburton 1st Quarter Earnings Surge
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Government by Halliburton, of Halliburton, for Halliburton. Is anyone surprised they're making money hand over fist off the backs of Americans paying rediculously high prices for oil and gas? I won't even mention the overpriced, no-bid contracts they were handed with OUR taxpayer dollars in Iraq or the shitty shabby work they did and continue to do on those contracts.
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HOUSTON (Reuters) - Halliburton Co. (NYSE:HAL - news), the world's No. 2 oilfield services company, posted sharply higher first-quarter earnings on Thursday as energy producers continued to spend heavily to boost oil and gas output.

The Houston-based company reported first-quarter net income of $488 million, or 91 cents per share, versus $365 million, or 72 cents per share in the year-earlier quarter.

Net income for the quarter from continuing operations was 90 cents per share, beating analysts consensus forecast of 88 cents per share, according to Reuters Estimates.

Revenue rose to $5.21 billion from $4.78 million a year earlier.

Halliburton, like other energy service companies, has registered a sharp jump in profits over the past two years as soaring energy prices have spurred oil and gas companies to ramp up production.
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