Baker Hughes quarterly revenue misses estimates amid oil rout

Baker Hughes quarterly revenue misses estimates amid oil rout

(Reuters) – Baker Hughes Co reported lower-than-expected revenue on Wednesday as demand for its oilfield equipment and services took a hit from a more than 80% plunge in oil prices this year. As oil producers scramble to cut costs and spending, drilling operations have come to a standstill, drying up the business for equipment and […]