Baker Hughes Incorporated (BHI) reported third quarter net income of $55 million or $0.18 per share, compared to $429 million or $1.39 per share last year.
On average, 25 analysts polled by Thomson Reuters expected the company to report earnings of $0.36 per share. Analysts' estimates typically exclude special items.
Total revenues declined to $2.23 billion from $3.01 billion in the year ago quarter. Sixteen analysts estimated revenues of $2.26 billion.
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