North American Margins Drive Baker Hughes Profit

Joseph Keefe
Thursday, April 17, 2014

Baker Hughes Inc, the world's third-largest oilfield services company, posted a 23 percent jump in quarterly profit, helped by improved margins at its North American operations.

Net income attributable to Baker Hughes rose to $328 million, or 74 cents per share, in the first quarter ended March 31 from $267 million, or 60 cents per share, a year earlier.

Revenue rose nearly 10 percent to $5.73 billion.

 

Reporting by Ashutosh Pandey

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