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159 Posts
Pagina: «« 1 ... 3 4 5 6 7 8 »» | Laatste | Omlaag ↓
  1. nobahamas 18 oktober 2013 14:53
    Baker Hughes profit up 22% on N. American results

    Baker Hughes Inc.'s BHI +5.25% third-quarter earnings rose 22% as the oil field services company's North American segment logged stronger results.

    A glut of natural-gas supply has led to lower prices and pushed energy companies to shift operations to oil-rich shale, which is harder to tap, a transition that has resulted in inefficiencies and higher costs for oil field-services providers and has challenged Baker Hughes' pressure-pumping business. However, the North American segment in the latest period posted improved profit and revenue. Baker Hughes said drilling services, completion systems, artificial lift and upstream chemicals businesses drove growth in North America.

    Overall, Baker Hughes reported a profit of $341 million, or 77 cents a share, up from $279 million, or 63 cents a share, a year earlier. Excluding items severance charges in the latest period and plant-closure costs and charges related to information-technology asset a year earlier, adjusted per-share earnings rose to 81 cents from 73 cents. Revenue rose 8.1% to $5.79 billion.

    www.marketwatch.com/story/baker-hughe...
    www.google.com/finance?q=NYSE%3ABHI&a...
159 Posts
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