Oct 22 (Reuters) - U.S. oilfield technology firm Baker
Hughes ( BKR ) beat Wall Street estimates for third-quarter
profit on Tuesday, helped by sustained demand for its drilling
equipment and technology in international markets.
Exploration and drilling demand in markets such as Middle
East and Africa have helped oilfield services companies offset
some of the declines in North America.
The total rig count at the end of September increased by 7
in international markets, compared to a year earlier, led by
additions in the Middle East, according to Baker Hughes ( BKR ) data.
The Houston-based company posted adjusted profit of 67 cents
per share for the three months ended Sept. 30, compared with
average analysts' expectation of 61 cents, according to
estimates compiled by LSEG.
(Reporting by Sourasis Bose in Bengaluru; Editing by Sriraj
Kalluvila)