Current BHI Stock Info

But BHI Chairman Predicts “Continued Uncertainty” in Global Oil Markets

Before the markets opened today, Baker Hughes (ticker: BHI) hosted the company’s second quarter conference call. BHI reported an adjusted net loss of $0.90 per share, with revenue falling 39.3% year over year to $2.41 billion.

Baker Hughes said it was hurt by a "continued steep decline" in drilling activity and pricing, and does not expect drilling activity in North America to meaningfully increase in the second half of the year. Martin Craighead, Chairman and CEO of ...

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