Halliburton 2nd-qtr profit tumbles from year-ago boosted by KBR gain, but meets Street outlook

Oilfield services provider 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 income from continuing operations met Wall Street forecasts, and the company said it continued to expand its business globally.

Halliburton, which has corporate offices in Houston and Dubai, said earnings for the April-June period were $507 million, or 55 cents a share. That compares with year-ago profit of $1.53 billion, or $1.62 a share, which included a $933 million gain from the KBR separation.

Income from continuing …