October 30, 2019 / 10:57 AM / 21 days ago

Baker Hughes profit jumps 46% on higher equipment orders

A screen displays the logo for Baker Hughes, a GE company on the floor at the New York Stock Exchange (NYSE) in New York, U.S., June 24, 2019. REUTERS/Brendan McDermid

(Reuters) - Baker Hughes Co BKR.N reported a 46% rise in quarterly adjusted profit on Wednesday, as it booked more orders for turbomachinery and oilfield equipment.

The company’s adjusted net income rose to $114 million in the three months ended Sept. 30, from $78 million a year earlier.

Excluding items, the company earned 21 cents per class A share.

Reporting by Shariq Khan in Bengaluru; Editing by Shinjini Ganguli

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