Baker Hughes Beats Analyst Expectations in Q3 ...Middle East

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Baker Hughes Beats Analyst Expectations in Q3
source : OILPRICE ( Middle East ) () 52
Baker Hughes reported higher than expected profits for the third quarter of the year on the back of its strong international operations, the company said late on Tuesday. The oilfield services major boasted a 23% year-on-year improvement in earnings before interest, tax, depreciation, and amortization, at $1.2 billion, and a 30% increase in operating profits, at $930 million for the third quarter of the year. Net earnings per share came in at $0.67 apiece, versus analyst expectations of $0.61 per share. “Orders remain at solid levels, with…

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