July 19, 2012
Energy analyst Joel South discusses Baker Hughes, the oil equipment and services company set to release earnings on Friday. Although the top line increased by 11% in the first quarter, earnings per share dropped, which could indicate margins are being pinched. Pricing power has diminished domestically for Baker Hughes as well as competitors Halliburton, Schlumberger, and Weatherford. Baker Hughes' earnings report should help investors understand the effect of shrinking domestic margins and international opportunities, so be sure to stay tuned.
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