(Bloomberg) -- Baker Hughes Inc., the world's third-
largest oilfield-services provider, said second-quarter profit
was less than analysts expected because of a slowdown in drilling
in Canada and higher tax rates and costs. Its shares fell almost
6 percent.
Net income probably was $1.07 to $1.09 a share, the Houston-
based company said in a preliminary earnings statement today.
Baker Hughes was expected to earn $1.19 a share, the average of
11 analyst estimates compiled by Bloomberg. The company is
scheduled to report actual results on July 27.
Read more at Bloomberg Energy News
largest oilfield-services provider, said second-quarter profit
was less than analysts expected because of a slowdown in drilling
in Canada and higher tax rates and costs. Its shares fell almost
6 percent.
Net income probably was $1.07 to $1.09 a share, the Houston-
based company said in a preliminary earnings statement today.
Baker Hughes was expected to earn $1.19 a share, the average of
11 analyst estimates compiled by Bloomberg. The company is
scheduled to report actual results on July 27.
Read more at Bloomberg Energy News
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