UPDATE: Baker Hughes Q1 Profit Drops 30%
Baker Hughes (NYSE: BHI) reported a 30% drop in its first-quarter profit.
Baker Hughes' quarterly net income from continuing operations declined to $267 million, or $0.60 per share, versus $379 million, or $0.86 per share, in the year-ago period.
Its revenue dropped 2% to $5.23 billion.
Baker Hughes shares closed at $44.60 yesterday.
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