Strictly: Drilling and oil-field services Message Board

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Gold/Mining/Energy : Strictly: Drilling and oil-field services

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To: Lucretius who wrote (2510)	10/27/1997 10:21:00 AM
From: bw	Read Replies (1) of 95453

From Briefing Com: Baker Hughes (BHI) 45 13/16: reports fiscal Q4 of $0.51 a share (excluding charges), 3 cents ahead of expectations and up from year ago $0.38 a share (excluding charges) as revenues rose 32.7%... From Yahoo: Baker Hughes optimistic on Petrolite unit HOUSTON, Oct 27 (Reuters) - Baker Hughes Inc said Monday it expects savings from its Petrolite unit to approach $35 million in fiscal year 1998, ''significantly exceeding pre-acquisition expectations.'' The company said revenue in its oilfield operations increased 22.5 percent to $785.5 million in the fourth quarter, while operating profit before tax rose 30.3 percent to $120.5 million. Earlier the company posted a loss of $0.49 per share versus a profit of $38 a year ago. Looks like a screw-up from Yahoo... Double Whammy for the drillers today?.. 1. RB postpones shareholder meeting & delay of FLC merger 2. General markets in decline

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