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Baker Hughes posts loss in first report after GE acquisition
October 20, 2017 / 10:56 AM / a month ago

Baker Hughes posts loss in first report after GE acquisition

Oct 20 (Reuters) - Baker Hughes reported a loss in its first quarterly report since merging with the oil and gas unit of GE.

Net loss attributable to Baker Hughes was $104 million, or 24 cents per share, in the third quarter ended Sept. 30.

The company did not give a comparable year-ago number.

On a combined business basis baker Hughes’ revenue was flat at $5.38 billion, the company said. (Reporting by Yashaswini Swamynathan in Bengaluru; Editing by Savio D‘Souza)

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