$6 billion (market cap) oilfield services firm BJ Services (BJS) is up 3 cents, a fraction of a percent, at $20.36, after the company this evening reported fiscal Q1 sales fell 34% to $931.5 million, beating the average $898.3 million. Profit per share, however, came in 7 cents short at 3 cents.
In the company’s press release, CEO Bill Stewart remarked that the company saw improved pressure pumping in the U.S. and Canada.
And that’s all you’ll get from him: the company is in the process of being acquired by Baker Hughes (BHI), expected to close next month, so BJ’s not hosting a conference call for this quarter, it said.
Shares of Baker Hughes are up 1% at $45 in after-hours trading.
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