April 25 Oilfield services provider Baker Hughes Inc
reported a 15.3 percent fall in quarterly revenue due to lower spending by
customers in the Gulf of Mexico and pricing pressure in markets outside North
The company, which is being acquired by General Electric, said its
revenue fell to $2.26 billion from $2.67 billion a year earlier.
Net loss attributable to Baker Hughes narrowed to $129 million, or 30 cents
per share, in the first quarter ended March 31, from $981 million, or $2.22 per
share, a year earlier.
The quarter included about $114 million in charges, compared with $280
million a year ago.
(Reporting by Arathy S Nair in Bengaluru; Editing by Arun Koyyur)