HOUSTON, Jan 25 (Reuters) – Baker Hughes on Sunday reported an 11% rise in adjusted profit for the fourth quarter as demand for its gas technology equipment and services more than offset weakness in its oilfield services and equipment. Adjusted net income attributable to Baker Hughes was $772 million, or 78 cents per share, in […]
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Oilfield service company Baker Hughes posts 11% rise in adjusted quarterly profit
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HOUSTON, Jan 25 (Reuters) – Baker Hughes on Sunday reported an 11% rise in adjusted profit for the fourth quarter as demand for its gas technology equipment and services more than offset weakness in its oilfield services and equipment.
Adjusted net income attributable to Baker Hughes was $772 million, or 78 cents per share, in the three months ended December 31, up from $694 million, or 70 cents per share, a year earlier.
(Reporting by Arathy Somasekhar in Houston; Editing by David Gregorio)