Baker Hughes Announces Third Quarter Results
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UPDATE: Cowen Upgrades Baker Hughes (BHI) to Outperform
October 26, 2016 6:40 AM EDT(Updated - October 26, 2016 7:53 AM EDT)
Cowen upgraded Baker Hughes (NYSE: BHI) from Market Perform to Outperform with a price target of $65. Analyst Marc Bianchi said evidence the company is able to execute will draw investors.
"We upgrade our rating to... More
Baker Hughes (BHI) Posts Smaller-than-Expected Q3 Loss
October 25, 2016 6:34 AM EDTBaker Hughes (NYSE: BHI) reported Q3 EPS of ($0.15), $0.30 better than the analyst estimate of ($0.45). Revenue for the quarter came in at $2.4 billion versus the consensus estimate of $2.41 billion.
Our third quarter results demonstrate the progress we have made on our commitment to improve financial performance by reducing operational costs, optimizing our capital structure, and strengthening our full-service model while building broader sales channels for our products and technology, said Martin... More
