Business Services Industry
Halliburton Reports 175-Percent Increase in Income.
Knight Ridder/Tribune Business News, July, 2001
By Charlene Oldham, The Dallas Morning News Knight Ridder/Tribune Business News
Jul. 26--Oilfield services firm Halliburton Co. reported Wednesday that second-quarter income from continued operations soared by 175 percent as its customers rushed to take advantage of healthy oil and natural gas prices.
Halliburton said net income from continued operations rose to $143 million, or 33 cents a share, compared with $52 million, or 12 cents, a year ago.
The Dallas-based company bested analysts' estimates by 3 cents a share thanks to high levels of drilling activity, increased international activity and improved pricing in North America.
Chief executive Dave Lesar expects those trends to continue through 2001 despite declining oil and...
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