Halliburton's 3Q Income Rises 22 Percent

[OhioChick]

Oct. 22, 2006, 7:03PM
By STEVE QUINN AP Business Writer
© 2006 The Associated Press

DALLAS — Halliburton Co. watched third-quarter net income rise 22 percent, thanks in part to fewer disruptions from hurricanes, which beset the oil industry last year.

The Houston-based oilfield services conglomerate Sunday posted $611 million, or 58 cents per share, in net income for the June-September quarter, including a $4 million charge from discontinued operations.

That compares to $499 million, or 48 cents a share, for the same period last year, including a $7 million boost from discontinued operations.

Third-quarter revenue rose 19 percent to $5.8 billion.

http://www.chron.com/disp/story.mpl/ap/fn/4279402.html

[tridim]

1. I wonder how much has it risen in the past 6 years?

[TomClash]

4. HAl stock price has gone

from about 14 when Bush took office to about 30 today. But it also split once, so the increase is over 400% - that's a lot more than the increase in the minimum wage since 2001.

[Nolo_Contendre]

2. Glad I bought the stock when Cheney was elected President

I might as well profit off the looting of the Treasury by our corrupt government - because no one else is.

=sarcasm=

[The Wielding Truth]

3. That's $5.8 billion 3rd q revenue!

"Iraq was better than expected," said Jeff Tillery, analyst with Pickering Energy Partners Inc. "Overall, there is nothing really to question or be skeptical about. I think the results are very good."

Wonder how that works out per wounded and dead?

[aquart]

5. How about we make them pay the Iraq money back?

Since there are so many witnesses to shoddy service, malfeasance, and general theft?

[The Wielding Truth]

7. Well, it should be hard for them to spend in jail.

[VegasWolf]

6. Wow, that's only 67 dead soldiers per percent!! Good going! nt

[sarcasmo]

8. Kick and Nom for the #1 Corrupter in the Corrupt system.

[leesa]

9. Cheney: "Things are going fabulously in Iraq!"

[Mind_your_head]

10. *clap* *clap* *clap* ..... slow sarcastic *clap* n/t

[krispos42]

11. Is that all?

Shit, we gotta sell more T=bonds and pass an emergency budget bill. We need the Bridge to Nowhere, and we need Halliburton to make it STAT! Let's get that 4th Quarter up into the 30's!

:sarcasm:

[TheWatcher]

12. Blood Money.

[krkaufman]

13. Thanks to fewer hurricanes?!?! What about the frickin' no-bid contracts?! n/t