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HOUSTON (AP) - Oil services firm Halliburton Co. on Tuesday said it expects first-quarter earnings below Wall Street estimates as its energy services group struggles with decreased drilling and completion activities in Canada and the northern United States.
Halliburton expects a quarterly per-share profit of between 49 cents and 54 cents, excluding any potential additional losses from select overseas projects associated with KBR Inc., the engineering, construction and government-services arm that the company is spinning off.
Analysts polled by Thomson Financial, on average, expect a first-quarter profit of 59 cents per share.
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