- Baker Hughes (BHI) +5.3% premarket after Q3 earnings surged 22% Y/Y on strong global drilling activity.
- Total revenue rose 8.1% to $5.79B, with revenue from the Middle East and Asia Pacific region increasing by ~10%.
- In the North American segment, BHI's largest business by revenue, profit improved 2.4% while revenue rose 4.1% Y/Y; profit and revenue improved in other geographic regions except for Latin America.
- The balance sheet was strengthened by a $334M reduction in debt to $4.58B, and cash reserves rose $245M to $1.37B.
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From other sites
at MarketRealist.com (Apr 11, 2015)
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at MarketRealist.com (Mar 26, 2015)
The Zacks Analyst Blog Highlights: Baker Hughes, Halliburton, Unit Corp and Schlumberger - Press Releasesat Zacks.com (Mar 24, 2015)
at Zacks.com (Mar 23, 2015)
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