Halliburton sees earnings doubling in coming years

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Halliburton sees earnings doubling in coming years

Jun 8, 2006 — NEW YORK (Reuters) - Energy services company Halliburton Co. <HAL.N> expects net income and earnings per share to double over the next three to five years, Chief Financial Officer Cris Gaut said on Thursday.

In a presentation to investors, Gaut also forecast revenue growth for the energy services group of the company of 20 percent per year or more over the next three to five years.

Once it spins off an interest in its engineering and construction arm KBR, Halliburton will be more of a pure-play energy services company.

Gaut said the company would use the proceeds from the initial public offering of a KBR stake to help fund its acquisition strategy.