Baker Hughes earnings boosted by strong drilling activity

Oct 22, 2008 | 08:38 AM | Scott Robertson

Strong drilling activity for oil and natural gas in North America and other global markets helped Baker Hughes Inc., Houston, offset the impact of Gulf Coast hurricanes and post a 10.2-percent increase in net income in the third quarter compared with the same period last year.

The company posted net income of $428.9 million ($1.39 per share) vs. $389.1 million ($1.22 per share) a year earlier on sales that rose 6.4 percent to $1.4 billion.....

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