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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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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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July 11, 2014
13:09 EDTBHIBaker Hughes reports U.S. rig count up 1 to 1875
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06:10 EDTBHIBaker Hughes reports Q2 U.S. onshore well count up 428 from Q1 to 9,394
Baker Hughes announced that the U.S. onshore well count for Q2 was 9,394 wells, up 428 wells or 5% compared to Q1. Compared to 2Q13, the well count was up 383 wells or 4%. Compared to Q1, the well count increased most notably in the Permian basin, up 265 wells or 11%, Marcellus, up 78 wells or 16%, and Granite Wash, up 31 wells or 23%, basins. This increase was slightly offset by decreases predominantly in the Barnett, down 57 wells or 18%, and Cana Woodford, down 23 wells or 26%. The average US onshore rig count for Q2 1,796 rigs, up 72 rigs or 4% from the Q1 and up 87 rigs or 5% from 2Q13. On average, the US onshore rig fleet produced 5.23 new wells during the quarter, which represents a slight improvement in drilling efficiencies compared to the same quarter in 2013.

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