| Submit your comments on this article |
| Home Front Economy |
| Halliburton 4Q Profit of $1.1B, Cites 2005 As Best Year in Company's History |
| 2006-01-27 |
| HOUSTON Jan 26, 2006 — 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 Division Quarterly 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 |
| #9 They are talking about making KBR a seperate company. |
| Posted by: Sock Puppet O´ Doom 2006-01-27 22:10 |
| #8 Nonsense. |
| Posted by: Halliburton, Gaza Meltdown Div. 2006-01-27 22:07 |
| #7 Same day Haliburton announces record profits, there is a 7.7 earthquake off Indonesia. Coincidence? I think not. |
| Posted by: ed 2006-01-27 22:04 |
| #6 Can't wait until the Zionist Death Ray Division gets up to speed. Stock split! |
| Posted by: Elmeling Crerese2597 2006-01-27 22:00 |
| #5 Millions of Americans with mutual funds, millions receiving retirement checks from pension funds, universities and colleges with alumni endowments celebrate was well. How evil. Heh. |
| Posted by: Shang Snalet1103 2006-01-27 21:00 |
| #4 Oh, Yeah? I work at a World Wide Chemical Company and the 2005 profits were the highest in the company's 90 year history. Neener-neener! |
| Posted by: Deacon Blues 2006-01-27 19:43 |
| #3 "Wait till we get to rebuild the Iran oil fields!" Lol, NS - you should get a commission on stock sales, heh. |
| Posted by: .com 2006-01-27 19:38 |
| #2 Follow the Lunch Money sez I. |
| Posted by: 6 2006-01-27 17:14 |
| #1 Woohoo! Mike al-Moore just made a killing! |
| Posted by: BH 2006-01-27 14:36 |