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Halliburton 2005 most profitable in 86 years Original Source Link: (May no longer be active)    http://www.cbsnews.com/stories/2006/01/27/ap/business/mainD8FCMDU02.shtml http://www.cbsnews.com/stories/2006/01/27/ap/business/mainD8FCMDU02.shtml Halliburton Posts 4Q Earnings of $1.1B HOUSTON, Jan. 27, 2006 (AP) 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. The income reversed a loss from a year earlier. 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. 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. MMV The Associated Press. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed.

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