By Steve Gelsi
NEW YORK (MarketWatch) -- Williams Cos. WMB +0.84% said Monday it expects adjusted second-quarter profit of about 21 cents a share, below the Wall Street analyst estimate of 33 cents a share in a survey by FactSet Research. The company cited an "unexpectedly sharp decline in natural-gas liquids margins in May and June." Williams also cited higher expenses. The company expects adjusted 2012 profit of $1.15 a share and adjusted 2013 profit of $1.38 a share, compared to analyst estimates of $1.40 a share and $1.59 a share, respectively. Shares of Williams fell 4.5% in premarket trades.
