Baker Hughes posts profit driven by increase in revenues

Oilfield services provider Baker Hughes, a GE company, recorded a profit during the third quarter of 2018 driven by a 7% increase in revenues when compared to the prior-year period.

According to its financial report published on Tuesday, Baker Hughes’ revenue for the third quarter was $5.7 billion, up $118 million or 2% sequentially and up 7% year-over-year from revenues of $5.3 billion.

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