Baker Hughes Incorporated (BHI) Reports 45% Decline In Q2 Profits

Baker Hughes Incorporated (NYSE:BHI) released its earnings for the three months that formed the second quarter of 2013 this morning before markets opened on Wall Street. The company showed earnings of $0.54 per share for the three months period on revenue of $5.49 billion. Baker Hughes Incorporated (NYSE:BHI) stock closed at $49.80 per share on Thursday’s market.

In the run up to the release of this report, analysts studying Baker Hughes Incorporated (NYSE:BHI) were looking for earnings of $65 cents per share from the company on revenues of $5.2...