India, July 27 -- Baker Hughes Co. (BKR), an energy technology company, reported late Sunday lower profit in its second quarter, with weak revenues. However, orders surged from last year.
Looking ahead, the company said, "... favorable underlying fundamentals support our confidence in achieving the midpoint of our full-year guidance as we continue to manage through the Middle East uncertainty."
In the overnight trading on Nasdaq, the shares were gaining around 3 percent, at $58.95.
In the second quarter, net income attributable to the company of $681 million declined 3 percent from $701 million in the prior year period. Earnings per share fell to $0.68 from $0.71 a year ago.
Adjusted net income attributable to Baker Hughes was $640 mill...