(Bloomberg) -- Shares of Baker Hughes Inc., the
world's third-largest oilfield-services provider, fell more than
5 percent after the company said second-quarter profit was less
than analysts expected because of a slowdown in drilling in
Canada and higher tax rates and costs.
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
world's third-largest oilfield-services provider, fell more than
5 percent after the company said second-quarter profit was less
than analysts expected because of a slowdown in drilling in
Canada and higher tax rates and costs.
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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