Baker Hughes profit rises as North American margins improve
April 17 (Reuters) - Baker Hughes Inc, the world's third-largest oilfield services company, posted a 23 percent jump in quarterly profit, helped by improved margins at its North American operations.
Net income attributable to Baker Hughes rose to $328 million, or 74 cents per share, in the first quarter ended March 31 from $267 million, or 60 cents per share, a year earlier.
Revenue rose nearly 10 percent to $5.73 billion. (Reporting by Ashutosh Pandey in Bangalore; Editing by Robin Paxton)
- Moscow fights back after sanctions; battle rages near Ukraine crash site |
- Carnage at U.N. school as Israel pounds Gaza Strip |
- U.S. economy back on track with strong second-quarter rebound |
- Argentina fails to reach debt agreement, default looms
- Obama to Republicans: ‘Stop just hatin’ all the time’