More on Baker Hughes (BHI +5%) Q2: profit +30% to $439M, with onshore ops in the U.S. helping...

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

More on Baker Hughes (BHI +5%) Q2: profit +30% to $439M, with onshore ops in the U.S. helping revenues beat forecasts and outweigh the seasonal slowdown in Canada. CEO Martin Craighead is "cautiously optimistic" about the outlook for the rest of the year, saying Baker Hughes is experiencing continued improvement in the Gulf of Mexico and internationally.