Baker Hughes Inc. is one of the major oilfield service companies in the world, providing a range of services to the global oil and gas industry. The company is a major supplier of wellbore-related products and technology services and systems. It caters to drilling, pressure pumping, formation evaluation, completion and production, and reservoir technology. It also offers consulting services to the worldwide oil and natural gas industry.

Currently, Baker Hughes has a Zacks Rank #3 (Hold) but that could change following its second quarter 2016 earnings report which has just released. We have highlighted some of the key details from the just-released announcement below:
 

BAKER-HUGHES Price and EPS Surprise

BAKER-HUGHES Price and EPS Surprise | BAKER-HUGHES Quote

Earnings: Baker Hughes posted wider loss than the consensus. Loss per share from continuing operations (excluding special items) came in at 90 cents, wider than the Zacks Consensus Estimate of 60 cents loss per share and the year-ago quarterly loss of 14 cents per share.

Revenue: Revenues of $2,408 million came above the Zacks Consensus Estimate of $2,330 million.
        
Key Stats: Of Baker Hughes' total quarterly revenue, North America, Europe/Africa/Russia/Caspian, Middle East/Asia-Pacific and Latin America accounted for 27.7%, 24.1%, 27% and 9.8%, respectively. The remainder was generated by the Industrial Services segment.

Check back later for our full write up on this Baker Hughes earnings report later!

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