North American Margins Drive Baker Hughes Profit
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