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Baker Hughes: Q1 Earnings Snapshot

HOUSTON (AP) — HOUSTON (AP) — Baker Hughes Co. (BKR) on Thursday reported first-quarter net income of $930 million.

The Houston-based company said it had profit of 93 cents per share. Earnings, adjusted for one-time gains and costs, were 58 cents per share.

The results beat Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of 50 cents per share.

The oilfield services company posted revenue of $6.59 billion in the period, also exceeding Street forecasts. Six analysts surveyed by Zacks expected $6.34 billion.

Baker Hughes shares have risen 42% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $64.49, an increase of 80% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on BKR at https://www.zacks.com/ap/BKR

One Tech Tip: What to know about flying with lithium ion portable battery chargers

Jetting off soon for summer travels? If you're planning on bringing an extra battery charger for your phone or other devices, be aware of the latest rules when taking one on a flight. Rechargeable lithium-ion portable battery chargers, also known as power banks, come in protective enclosures of various shapes and sizes. They're a handy and popular way for getting more juice when you're on the move. But after a spate of smoke or fire incidents, U.S. and international aviation authorities have issued new guidelines and airlines have tightened up rules for passengers. Here's a guide on flying with power banks.
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