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Market Update

Earnings on Tap: Baker Hughes

Reduced rig allocations are likely to have a negative impact on the company's second-quarter results within the Latin American segment.

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 Baker Hughes (BHI) is slated to report earnings before the bell Friday, and analysts are expecting earnings of $0.65 per share for the second quarter. The company reported earnings per share of $1.00 in the corresponding period a year ago.

Baker Hughes provides a wide variety of oilfield services, such as directional drilling, oilfield chemicals, drill bits, and electronic submersible pumping systems. It operates in more than 90 countries, serving oil majors, exploration and production companies, and national oil companies.

Gazala Parveen does not own (actual or beneficial) shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.