Murphy Oil's ( MUR) second-quarter earnings fell from a year ago, partly because the company continues to record costs for its operations that were damaged by Hurricane Katrina last year. The company had a profit of $214.0 million, or $1.13 a share, in the quarter, with revenue of $3.8 billion. A year ago, the company earned $347.7 million, or $1.85 a share, on revenue of $2.9 billion. Last year's quarter includes a gain of $106.8 million, or 57 cents a share, from the sale of oil and gas properties. Murphy's most recent second quarter included noncash tax benefits of $37.5 million, or 20 cents a share. Analysts surveyed by Thomson Financial were looking for a profit of 92 cents in the quarter. For the third quarter, the company predicted earnings of 50 cents to 70 cents a share. The estimate includes a tax charge of 10 cents a share.