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Baker Hughes Company (BKR)
After hours:
- GuruFocus.com
Decoding Baker Hughes Co (BKR): A Strategic SWOT Insight
Insightful Analysis of Baker Hughes Co's Financial Health and Market Position
- Reuters
Baker Hughes sees lower North America activity; bets on foreign demand
Baker Hughes cut its outlook for spending by oil producers on Friday, citing lower drilling activity by North American companies, joining other oilfield service companies in warning about softness in the region. However, the company raised its full-year revenue and profit estimates, banking on strong international growth and demand for gas equipment. Lukewarm demand and a wave of mergers have constrained producer budgets in North America, with service companies betting on international and offshore markets to offset the weakness.
- Zacks
Baker Hughes (BKR) Q2 Earnings and Revenues Beat Estimates
Baker Hughes' (BKR) Q2 earnings benefit from higher contributions from Oilfield Services and Equipment and the Industrial & Energy Technology business units, fueled by significant contract wins.
