Strong U.S. Oilfield Activity Should Drive Baker Hughes' Results

We expect the company’s earnings to rise on a sequential as well as a year-over-year basis, driven by stronger unconventional activity and possibly higher completions activity in the U.S. Gulf of Mexico. During Q2, quarterly revenues rose by around 8% year-over-year to around $5.93 billion while profit before tax margins rose from around 9% to around 13%.
Source: Markets