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HOUSTON (AP) - Oil industry services provider Halliburton Co. was upbeat Friday despite a 40 percent decline in fourth-quarter profit, citing heavy demand for its oilfield equipment and personnel and predicting more of the same for 2007.
Earnings fell to $658 million, or 64 cents per share, compared with $1.1 billion, or $1.04 per share, during the same period a year ago. But the prior-year results included $540 million of income, or 51 cents per share, that came from a tax benefit.
Analysts surveyed by Thomson Financial were looking for earnings of 61 cents per share.
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