Baker Hughes profit jumps on strong global drilling activity

Reuters

Oct 18 (Reuters) - Baker Hughes Inc, the world'sthird-largest oilfield services company, posted a 22 percentincrease in quarterly profit, driven by strong internationaldrilling activity, particularly in the Middle East and Africa.

Net income rose to $341 million, or 77 cents per share inthe third quarter, from $279 million, or 63 cents per share, ayear earlier.

Revenue rose about 8 percent to $5.79 billion.

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