Link here for financial results.
Baker Hughes Incorporated announced adjusted net income (a non-GAAP measure) for the fourth quarter 2011 of $534 million, or $1.22 per diluted share. This excludes an after-tax charge of $220 million ($0.50 per diluted share) related to the impairment of certain trade names. This compares to $0.77 per diluted share for the fourth quarter 2010, and to adjusted net income of $1.18 per diluted share for the third quarter 2011.There's not much I hate to read more than long paragraphs of numbers; my eyes glaze over. Time to take a break. First this video.
Adjusted net income for the year 2011 was $1.84 billion or $4.20 per diluted share, compared to $2.06 per diluted share for the year 2010.
Net income attributable to Baker Hughes (a GAAP measure) for the fourth quarter 2011 was $314 million or $0.72 per diluted share, compared to $0.77 per diluted share for the fourth quarter 2010, and $1.61 per diluted share for the third quarter 2011. Net income attributable to Baker Hughes for the year 2011 was $1.74 billion or $3.97 per diluted share, compared to $2.06 per diluted share for the year 2010.
There is a girls' group song from the 60's that has the very same chords; I'm looking for it and I'll find it eventually, but for now, this will be one of the dots on that bunny trail:
I wonder if Amy's story might be a bit different had she had a "Phil Spector" producer. In hindsight, they were made for each other.
And if Amy Winehouse was taking us back to the 60's girls' groups, Norah Jones is a country/western singer. Subtle. Sublime.
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