Baker Hughes’ Profit Soars
January 25, 2011 at 10:36 AM EST
Baker Hughes Inc. (BHI) reported a nearly three-fold jump in per share profit in its fourth quarter given the ongoing strength of customer spending in unconventional oil and gas plays and price realization. The company’s earnings came in at 77 cents per share, beating the Zacks Consensus Estimate of 65 cents and year-ago quarter’s earnings [...]