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Stock Market & Financial Investment News

News Breaks
March 19, 2013
09:41 EDTBHIBaker Hughes sees Q1, Q2 margins in Europe lower than prior year
Baker Hughes CEO Martin Craighead said the company is seeing improvement in its Pressure Pumping business in North America, with better utilization compared to the fourth quarter. Craighead said in Europe a ramp-up is resulting in higher costs which, coupled with some project delays in the U.K., will likely make Q1 and Q2 margins in Europe to "certainly be less than this time last year." However, he added he's pleased with the European marketsí long-term outlook. In Iraq, the CEO said he's "pleased to see that we are turning the corner," and the company is "on our way to profitability by the second half of this year" in that region.
News For BHI From The Last 14 Days
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July 25, 2014
13:03 EDTBHIBaker Hughes reports U.S. rig count up 12 to 1883 rigs
Baker Hughes announced that the U.S. Rig Count is up 12 rigs from last week to 1883, with oil rigs up 8 to 1562, gas rigs up 3 to 318, and miscellaneous rigs up 1 to 3. Says the U.S. Rig Count is up 107 rigs from last year at 1776, with oil rigs up 161, gas rigs down 51, and miscellaneous rigs down 3. The U.S. Offshore rig count is 60, up 3 rigs from last week, and up 2 year over year.
July 21, 2014
10:02 EDTBHIOn The Fly: Analyst Upgrade Summary
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06:23 EDTBHIBaker Hughes upgraded to Buy from Neutral at Guggenheim
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July 18, 2014
13:04 EDTBHIBaker Hughes reports U.S. rig count down 4 to 1871
Baker Hughes announced that the U.S. Rig Count is down 4 rigs from last week to 1871, with oil rigs down 9 to 1554, gas rigs up 4 to 315, and miscellaneous rigs up 1 to 2. Says the U.S. Rig Count is up 101 rigs from last year at 1770, with oil rigs up 159, gas rigs down 54, and miscellaneous rigs down 4. The U.S. Offshore rig count is 57, up 1 rig from last week, and unchanged year over year.
July 17, 2014
06:33 EDTBHIBaker Hughes reports Q2 adjusted EPS 92c, consensus 90c
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July 16, 2014
15:27 EDTBHINotable companies reporting before tomorrow's open
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