What Should Investors Watch for in Baker Hughes' Earnings?
Oct 17th 2013 3:23PM
Updated Oct 17th 2013 3:26PM
Of the three big players in the oil services industry, Baker Hughes has been the weakest performer so far this year. How has this happened? Much of it is from a slower move into the international scene than its peers Schlumberger and Halliburton . Places like the Middle East have become major hotbeds for the oil services industry, and Halliburton has been able to increase its presence there by 20% year over year while Baker Hughes international revenue is up only 7% over the same time period.
This doesn't help when the domestic market for services such as pressure pumping has been so weak over the past several months. With several companies lining up to bid on every frack job out there, some companies aren't turning a profit on the work they are doing. What else should you know about Baker Hughes' upcoming earnings release? Tune into the video below where Fool.com contributor Tyler Crowe breaks down what investors should be looking for.
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The article What Should Investors Watch for in Baker Hughes' Earnings? originally appeared on Fool.com.Fool contributor Aimee Duffy has no position in any stocks mentioned. Fool contributor Tyler Crowe has no position in any stocks mentioned. You can follow them both on Twitter:@TMFDuffy and @TylerCroweFool, respectively. The Motley Fool recommends Halliburton and National Oilwell Varco. The Motley Fool owns shares of National Oilwell Varco. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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