Halliburton warns of Q1 profit miss as costs rise

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The company logo of Halliburton oilfield services corporate offices is seen in Houston, Texas April 6, 2012. REUTERS/Richard Carson/File Photo (Copyright Reuters 2017)

Halliburton Co , the world's No. 2 oilfield services provider, indicated its first-quarter profit would likely miss analysts' expectations due to higher costs and weak demand in markets outside North America.

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The company expects its earnings per share to be in the low-single digits in the quarter ending March, Chief Executive David Lesar said on a conference call on Friday.

Analysts on average are expecting earnings of 13 cents per share, according to Thomson Reuters I/B/E/S.

(Reporting by Swetha Gopinath in Bengaluru; Editing by Martina D'Couto)