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Baker Hughes (BHI) Stock Up Following Earnings Beat

NEW YORK (TheStreet) -- Baker Hughes (BHI - Get Report) stock is advancing by 2.58% to $54.54 in late afternoon trading on Wednesday, after the company reported its earnings results for the 2015 third quarter.

The oil services company reported a loss of 5 cents per share for the quarter, down from earnings of $1.02 per share for the year ago period.

Revenue fell by 39% year over year, to $3.8 billion from $6.25 billion for the 2014 third quarter.

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The company had been forecast to post a loss of 14 cents...