Monday, July 18, 2011

Halliburton 2Q Profit Surges 54% On Strong North America Growth

Halliburton Co.'s second-quarter earnings soared 54% as the oil-field-services company benefited from higher prices and a continuing North American rebound.
An industry resurgence that began last year has continued in 2011 amid high oil prices, and as a surge in unconventional oil and natural-gas drilling.
Shares were up 0.9% at $53.53 in premarket trading as adjusted profit and revenue beat analysts' expectations. The stock through Friday's close has nearly doubled in the past year. http://online.wsj.com/article/BT-CO-20110718-704624.html

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