New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
April 17, 2014
06:33 EDTBHIBaker Hughes reports Q1 adjusted EPS 84c, consensus 78c
Reports Q1 revenue $5.73B, consensus $5.71B. Martin Craighead, Baker Hughes chairman and CEO stated, "This quarter we delivered an increase in profit margins and earnings. Our performance is the result of actions to optimize operational efficiency, along with increasing demand for several innovative new product offerings. The benefit of these actions can be seen in our North America operations this quarter. On an adjusted basis, this segment delivered 200 basis points of margin improvement, despite a drop in well count caused by poor weather in the Rockies and northeast U.S. Outside of North America, our operations experienced the typical seasonal decline in product sales to start the year, along with severe weather conditions in the North Sea and Russia, leading to a 5% sequential drop in revenue for our international business. However, resumption of our activity in Iraq, along with increased demand for high technology services in Africa, the Middle East, and Asia Pacific, led to a 6% sequential increase in international adjusted operating profit."
News For BHI From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
January 23, 2015
13:03 EDTBHIBaker Hughes reports U.S. rig count down 43 to 1633, Canada down 8
Baker Hughes reported the U.S. rig count is down 43 rigs from last week to 1633, with oil rigs down 49 to 1317, gas rigs up 6 to 316, and miscellaneous rigs unchanged at 0. The Canadian Rig Count is down 8 rigs from last week to 432, with oil rigs down 11 to 223, and gas rigs up 3 to 209.
08:37 EDTBHIBofA/Merrill U.S. oil & gas analysts to hold an analyst/industry conference call
Subscribe for More Information
January 20, 2015
09:22 EDTBHIHalliburton sees restructuring charge in Q1
Subscribe for More Information
09:11 EDTBHIOn The Fly: Pre-market Movers
Subscribe for More Information
08:30 EDTBHIBaker Hughes to cut 7K jobs in Q1 amid low oil prices
Subscribe for More Information
07:39 EDTBHIBaker Hughes sees FY15 interest expense approx. $240M
Subscribe for More Information
07:02 EDTBHIHalliburton reports Q4 C&P revenue $5.5B, D&E revenue $3.3B
During the fourth quarter of 2014, Halliburton (HAL) incurred $19M for costs related to the pending Baker Hughes (BHI) acquisition.
06:01 EDTBHIBaker Hughes reports Q4 adj. EPS $1.44, consensus $1.07
Subscribe for More Information
January 18, 2015
14:22 EDTBHISchlumberger boss says oil price to challenge land producers, WSJ says
Paal Kibsgaard, CEO of Schlumberger, said U.S. energy producers are not done with work force reductions and that because of high costs, producers that focus on shale fields are worse off than rivals, says the Wall Street Journal. Publicly traded companies in the space include BP (BP), Chevron (CVX), ConocoPhillips (COP), Exxon Mobil (XOM), Royal Dutch Shell (RDS.A), Total (TOT), Schlumberger (SLB) and Baker Hughes (BHI). Reference Link
January 16, 2015
17:30 EDTBHIValue Act reports 5.1% stake in Baker Hughes
Subscribe for More Information
13:03 EDTBHIBaker Hughes reports U.S. rig count down 74 to 1676
Subscribe for More Information
10:24 EDTBHIOptions point to oil falling to near $30 per barrel, Merrill Lynch says
Subscribe for More Information

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use