July 28, 2016 / 11:10 AM / in a year

Baker Hughes posts bigger loss due to impairment charges

July 28 (Reuters) - Oilfield services provider Baker Hughes Inc reported a bigger quarterly loss, hurt by impairment and restructuring charges related to writedown of assets, job cuts and contract terminations.

Net loss attributable to the company widened to $911 million, or $2.08 per share, in the second quarter ended June 30 from $188 million, or 43 cents per share, a year earlier.

Revenue fell 39.3 percent to $2.41 billion. (Reporting by Amrutha Gayathri in Bengaluru; Editing by Sriraj Kalluvila)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below