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Earnings roundup: Halliburton, Rockwell Automation



By AP
22 July 2008 @ 10:50 am EST

Among the earnings stories for Tuesday, July 22, from AP Financial News:

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HAL 40.13 -1.2
KBR 21.08 -1.03
ROK 43.79 -2.4
CPO 40.98 -1.2
LXK 35.11 -0.73

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HOUSTON (AP)--Halliburton Co. said Tuesday its second-quarter profit fell about 67 percent from a year ago, when the company recorded a nearly $1 billion gain from the separation of former subsidiary KBR Inc., but the oilfield services provider announced record revenues.

MILWAUKEE (AP)--Rockwell Automation Inc. posted a 7 percent drop in fiscal third-quarter earnings Tuesday as expenses grew, though results still beat Wall Street's expectations.

WESTCHESTER, Ill. (AP)--Corn Products International Inc., which refines corn for use in food and industrial products, said Tuesday its fiscal second-quarter profit rose 35 percent, ahead of expectations.

LEXINGTON, Ky. (AP)--Lexmark International Inc. on Tuesday said second-quarter profit rose 30 percent and revealed plans to close an inkjet manufacturing facility that the printer maker expects to boost annual savings starting next year.

OSLO, Norway (AP)--Aluminum and energy group Norsk Hydro ASA on Tuesday said its profits dropped 87 percent in the second quarter on falling sales and higher costs.

Copyright 2008 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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