Baker Hughes (BHI) warns its pretax op profit will fall on a quarterly basis in Q1, with the N....

|About: Baker Hughes Inc. (BHI)|By:, SA News Editor

Baker Hughes (BHI) warns its pretax op profit will fall on a quarterly basis in Q1, with the N. American margin set to drop to 13.2%-14.2% from 18.7% in Q4, and that for its international ops to decline to 12.2%-13.2% from 15.6%. A major reason is the "rapidly changing market conditions in the Pressure Pumping product line." Shares plunge 4.3%. (PR)