Halliburton (HAL -1%) says its Q2 operating profit margin will be negatively impacted by a...

|About: Halliburton Company (HAL)|By:, SA News Editor

Halliburton (HAL -1%) says its Q2 operating profit margin will be negatively impacted by a decline in rigs working in Mexico as the country transitions to a new way of awarding service contracts. HAL had earlier seen a margin close to the mid-teens for the quarter. In North America, HAL says the market for pressure pumping equipment remains 20% over-supplied, which should be cut in half by year's end.