Baker Hughes Q4 Profit Surges - Quick Facts

(RTTNews) - Oilfield services provider Baker Hughes Inc.'s (BHI) fourth-quarter 2014 GAAP net income attributable to the company jumped to $663 million, or $1.52 per share, from $248 million, or $0.56 per share, last year.

Excluding a $34 million before and after-tax gain, or $0.08 per share associated with the deconsolidation of a joint venture, adjusted net income for the latest quarter was $629 million, or $1.44 per share. On average, 30 analysts polled by Thomson Reuters expected earnings of $1.07 per share for the quarter. Analysts' estimates typically exclude special items.

Revenue for the quarter totaled $6.64 billion, compared with $5.86 billion in the prior-year quarter. Analysts estimated revenues of $6.41 billion for the period.