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Actionable news in BHI: BAKER HUGHES Inc,

Baker Hughes (BHI) Stock Higher Despite Q1 Loss

NEW YORK (TheStreet) -- Baker Hughes (BHI - Get Report) stock is climbing by 2.3% to $46.85 in mid-afternoon trading on Wednesday, as oil prices increase this afternoon and overshadow weaker-than-expected 2016 first quarter financial results.

Before the market open, the energy company reported an adjusted loss of $1.58 per share, wider than analysts' estimates for a loss of 34 cents per share.

Revenue declined by 42% year-over-year to $2.67 billion for the most recent period, missing analysts estimates for $2.85 billion.

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