CGGVeritas (CGV -2.7%) reports a 20% increase in Q3 profit to $48M vs. $40M in the year-ago...

|About: CGG (CGG)|By:, SA News Editor

CGGVeritas (CGV -2.7%) reports a 20% increase in Q3 profit to $48M vs. $40M in the year-ago period but misses estimates partly because of a higher tax rate. Separately, the world’s largest seismic surveyor of oilfields agrees to work with Baker Hughes (BHI +1.3%) to provide shale drilling services.