Earnings roundup: Halliburton, Rockwell Automation
By
Associated Press
July 22, 2008
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Among the earnings stories for Tuesday, July 22, from AP Financial News:
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.