Energy company Baker Hughes lost money for its third quarter largely because of its North America operations, oilprice.com reports:
"Oilfield services group Baker Hughes (NYSE:BHI) reported on Tuesday a lower-than-expected adjusted net loss for the third quarter, but said that its North American business will only slightly grow in the fourth quarter in a persisting tough pricing environment.
"The world’s third-largest oilfield services provider Baker Hughes was more bearish on its immediate-term North American business compared to competitors Schlumberger (NYSE:SLB) and Halliburton Company (NYSE:HAL), both of which signaled increased North American activity when they reported third-quarter figures last week."
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