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Halliburton 4Q Profit of $1.1B, Cites 2005 As Best Year in Company's History
HOUSTON Jan 26, 2006 â Oilfield services conglomerate Halliburton Co. on Thursday said 2005 was the company's best in its 86-year history, a year anchored by a profitable fourth quarter of strong sales and increased rig activity. Wait till we get to rebuild the Iran oil fields! The income reversed a loss from a year earlier. Special thanks to the Eartquake/Tsunami DivisionQuarterly profit rose to $1.1 billion, or $2.08 a share, including a one-time tax gain of $540 million or $1.02 a share. Heh. Thanks Karl. That compared to a net loss of $203 million, or 46 cents a share last year, which included a $384 million loss from discontinued operations. The results widely beat Wall Street's projections of 89 cents a share on revenue of $5.24 billion, according to analysts surveyed by Thomson Financial. Revenue for 2005 reached nearly $21 billion, also beating analysts expectations of $20.4 billion. Halliburton announced earnings after the market closed. The Houston-based company planned to discuss the results Friday morning in a conference call with analysts. Shares of Halliburton rose 91 cents to close at $75.15 on the New York Stock Exchange. They added another 1.9 percent, or $1.45, in after-hours trading. Posted by: Nimble Spemble 2006-01-27 |
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