* Q1 loss 3 cents per share vs expected profit
* Revs down 34 pct at $931.5 mln, above Wall St estimates
* Baker Hughes takeover expected to close this quarter
SAN FRANCISCO, Feb 8 BJ Services Co BJS.N
posted an unexpected quarterly loss as revenue fell 34 percent,
but reported generally stable to slightly improved pricing in
North America for its key oilfield pressure-pumping operation.
The company is in the process of being taken over by Baker
Hughes Inc (BHI.N), which still expects to close the $6 billion
deal this quarter.
For its fiscal first quarter ending in December,
Houston-based BJ Services reported a loss from continuing
operations of $8.4 million, or 3 cents per share, as revenue
fell 34 percent to $931.5 million.
Analysts on average had been looking for a profit of 4
cents per share on revenue of $898 million, according to
Thomson Reuters I/B/E/S.
The takeover of BJ Services will mark a return to its
previous owner. Founded by Byron Jackson in California in the
1870s, BJ ended up as part of Baker Hughes through a series of
deals a century later, before being spun out in 1990.
(Reporting by Braden Reddall; Editing by Gary Hill)