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Baker Hughes expects less drilling in 4th qtr

Published 2015-10-21, 08:18 a/m
Baker Hughes expects less drilling in 4th qtr
HAL
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BKR
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Oct 21 (Reuters) - Oilfield services provider Baker Hughes (N:BHI)
Inc BHI.N said it expects less drilling in the current quarter
due to reduced customer spending but said it was seeing
"stronger interest" in services that help increase oil and gas
production.
Baker Hughes, which is being acquired by larger rival
Halliburton (N:HAL) Inc HAL.N , reported a net loss attributable to the
company of $159 million, or 36 cents per share, in the third
quarter ended Sept. 30, compared with a profit of $375 million,
or 86 cents per share, a year earlier. urn:newsml:reuters.com:*:nPn9DTDcS
Revenue fell 39.4 percent to $3.79 billion.

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