Halliburton Warns on 2Q Profit Margins


Halliburton, the world's second-largest oilfield services company, said on Wednesday its North American profit margins would be hit harder this quarter by cost increases than it had previously expected.

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Halliburton said it now expects its second-quarter North American margins to drop by between 5 and 5.5 percentage points from the first quarter, compared with the previous forecast of between 2 and 2.5 percentage points given in April.

(Reporting by Braden Reddall in San Francisco; Editing by Gerald E. McCormick)