Baker Hughes Inc. (BHI) is one of the major oilfield service companies in the world, providing a range of services to the global oil and gas industry. The company is a major supplier of wellbore-related products and technology services and systems. It caters to drilling, pressure pumping, formation evaluation, completion and production, and reservoir technology. It also offers consulting services to the worldwide oil and natural gas industry.

Currently, Baker Hughes has a Zacks Rank #5 (Strong Sell) but that could change following its fourth quarter 2014 earnings report which has just released. We have highlighted some of the key details from the just-released announcement below:

Earnings: Baker Hughes beats on earnings. Earnings per share from continuing operations (excluding special items) came in at $1.44, above the Zacks Consensus Estimate of $1.08.

Revenue: Revenues of $6.635 billion – a record for Baker Hughes – came above the Zacks Consensus Estimate of $6.378 billion.

Key Stats: Of Baker Hughes' total quarterly revenue, North America, Europe/Africa/Russia/Caspian, Middle East/Asia-Pacific and Latin America accounted for 50%, 17%, 18% and 9%, respectively. The remainder was generated by the Industrial Services segment.

Europe/Africa/Russia/Caspian, recorded a profit before-tax margin of 17% versus 15% in the year-ago quarter, and North America came in at 15% (compared with 8% in the year-earlier quarter). Pre-tax margins at the Middle East/Asia-Pacific segment also came in at 19% (versus 8% in the year-earlier quarter). Latin America rose to 20% from 10% in the year-ago period. The only exception was Industrial Services segment, which registered lower pre-tax margins at 6% (versus 10% in the year-ago quarter).