UPDATE: Baker Hughes Shares Reverse Course, Rise 3% on Guidance

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Shares of Baker Hughes ( BHI ) are now up 3.3% at $41.98, after trading as low as $39.65 earlier in the session, after the company projected North

America revenue and profit margins to be lower than previous expectations due

to weaker than anticipated onshore activity and further price erosion within


Pressure Pumping operations.

It now sees North America operating profit before tax margin to be between 8.5% and 9.5% for Q4, as compared to 11.7% in Q3 of 2012.

The company also expects international operating profit before tax margin to

be similar to the 12% reported in Q3 of 2012, excluding the impact of bad

debts recognized in Latin America and Europe.

Shares have a 52-week range of $37.08 - $52.96.



The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.

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This article appears in: Investing , Commodities

Referenced Stocks: BHI

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