Didn't Halliburton....

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Nervous Wreck
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Didn't Halliburton....

Post by Nervous Wreck »

Didn't halliburton rip off the govt. (taxpayers) with fraudulent claims during the Iraqi war???

Halliburton (HAL: 35.12, -1.08, -3.00%) beat the Street on Monday by revealing a 50% leap in fourth-quarter profits amid strong growth in the oilfield-service company’s North American operations.
Houston-based Halliburton said it earned $906 million, or 98 cents a share, last quarter, compared with a profit of $605 million, or 66 cents a share, a year earlier. Excluding one-time items, the company said it earned $1.00 a share. Analysts had been calling for EPS of 99 cents.
Revenue jumped 37% to $7.06 billion, topping the Street’s view of $6.83 billion. Operating margins expanded to 20.2% from 19%.
Halliburton, the No. 2 oilfield service company behind Schlumberger (SLB: 74.28, +0.48, +0.65%), posted a 77% surge in profits amid a 56% rise in revenue.
“Our results in North America in 2011 were truly outstanding, with each quarter setting a new record for revenue,” CEO Dave Lesar said in a statement.


Read more: http://www.foxbusiness.com/industries/2 ... z1kIgkKaEi
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