Halliburton 4Q Profit Declines 40 Pct (Another war comming???)

Raydawg1234

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Fri Jan-26-07 04:35 PM
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Halliburton 4Q Profit Declines 40 Pct (Another war comming???)

Halliburton 4Q Profit Falls 40 Percent, but Beats Analysts' Expectations

HOUSTON (AP) -- Oil industry services provider Halliburton Co. was upbeat Friday despite a 40 percent decline in fourth-quarter profit, citing heavy demand for its oilfield equipment and personnel and predicting more of the same for 2007.
Earnings fell to $658 million, or 64 cents per share, compared with $1.1 billion, or $1.04 per share, during the same period a year ago. But the prior-year results included $540 million of income, or 51 cents per share, that came from a tax benefit.

http://biz.yahoo.com/ap/070126/earns_halliburton.html?.v=11

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keta11

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Fri Jan-26-07 06:08 PM
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1. This does not mean they generated 40% less cashflow

in 2006. Companies' profit figures are reported under accrual accounting and profits can be calculated so as to be almost meaningless to the average reader. For all you know they brought in more cash last year.

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hang a left

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Fri Jan-26-07 06:11 PM
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2. enron bookmaking...

how much was shifted where and for what purpose.

Come on now the #1 war profiteer

Maybe ken lay has some stashed for them.

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LSK

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Fri Jan-26-07 06:11 PM
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3. well this explains the surge n/t

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