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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
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March 27, 2015
13:03 EDTBHIBaker Hughes reports U.S. rig count down 21 to 1048
Baker Hughes reports that the U.S. Rig Count is down 21 rigs from last week to 1048, with oil rigs down 12 to 813, gas rigs down 9 to 233, and miscellaneous rigs unchanged at 2. Says the U.S. Rig Count is down 761 rigs from last year at 1809, with oil rigs down 674, gas rigs down 85, and miscellaneous rigs down 2. The U.S. Offshore rig count is 34, down 3 rigs from last week, and down 16 rigs year over year. The Canadian Rig Count is down 20 rigs from last week to 120, with oil rigs down 12 to 18, and gas rigs down 8 to 102. The Canadian Rig Count is down 178 rigs from last year at 298, with oil rigs down 137, and gas rigs down 41.
12:20 EDTBHIHalliburton, Baker Hughes announce shareholder approval of merger
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March 23, 2015
15:56 EDTBHISuperior Energy interested in Halliburton, Baker Hughes assets, Bloomberg says
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March 20, 2015
13:02 EDTBHIBaker Hughes reports U.S. rig count down 56 to 1069
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09:22 EDTBHIHalliburton, Baker Hughes to seek buyers for $10B in assets, Bloomberg says
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07:19 EDTBHIWhite House expected to unveil fracking rules today, WSJ says
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