Baker Hughes Stumbles as Q3 Earnings Fall Short of High Expectations

Baker Hughes (BKR) fell 5.4% in Wednesday's trading despite reporting better than expected Q3 adjusted earnings and revenues, as the Middle East conflict dented demand for oilfield services and equipment in the region. Q3 profit fell to $411M, or $0.41/share, from $609M, o

Baker Hughes (BKR) fell 5.4% in Wednesday’s trading despite reporting better than expected Q3 adjusted earnings and revenues, as the Middle East conflict dented demand for oilfield services and equipment in the region.

Q3 profit fell to $411M, or $0.41/share, from $609M, or $0.61/share, in the year-earlier quarter, r

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