March 24, 2017 / 2:00 PM / 8 months ago

Halliburton warns of Q1 profit miss as costs rise

March 24 (Reuters) - 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.

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)

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