(Reuters) – Baker Hughes Co on Thursday reported an adjusted quarterly profit compared with a year-ago loss, as producers took advantage of a rise in crude prices that fueled demand for oilfield service equipment.
Adjusted net income stood at $224 million, or 25 cents per share, in the three months ended Dec. 31, compared with a loss of $50 million, or 7 cents per share, last year.
(Reporting by Arunima Kumar in Bengaluru; Editing by Amy Caren Daniel)
