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From: hdl	6/6/2012 3:22:17 PM
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why hal is down Halliburton warns of greater cost impact in Q2 1:45p ET June 6, 2012 (MarketWatch) CHICAGO (MarketWatch) -- Oil and gas industry giant Halliburton warned Wednesday that costs related to a commodity used in hydraulic fracturing will have a greater impact on second-quarter results than the company had anticipated. Halliburton said the costs are associated with guar gum, an additive in fluids used in the fracturing process. The company now believes that its North American margins will be impacted 300 basis points more than its previous estimate of 200 to 250 basis points, for a total impact of 500-550 basis points lower than first-quarter levels. Analysts surveyed by FactSet Research are expecting Halliburton to report a second-quarter profit of 84 cents a share on revenue of $6.95 billion.

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