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Baker Hughes Details 2Q 2014 Financial Results

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July 17, 2014

On July 17, Baker Hughes Inc. (NYSE: BHI) detailed its second-quarter 2014 financial results.

Adjusted net income and revenue for the quarter both increased. The adjusted net income was $404 million, compared with second-quarter 2013’s $240 million, the company said. Its revenue for the quarter was $5.9 million, compared with second-quarter 2013’s $5.5 million, the company added.

"This quarter we delivered record revenue and a 15% sequential increase in adjusted profit from operations," said Martin Craighead, the chairman and CEO.

"Our results reflect improved execution and the rapid deployment of ...


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