baker hughes co bkr reported wednesday firstquarter profit and revenue that rose above expectations amid strength in its oilfield services and equipment business the oil services company’s stock was little changed in the premarket net income rose to 576 million or 57 cents a share from 72 million or 8 cents a share excluding nonrecurring items adjusted earnings per share increased to 28 cents from 15 cents and topped the factset consensus of 26 cents revenue grew 182 to 572 billion above the factset consensus of 555 billion orders rose 116 to 763 billion as oilfield services and equipment orders jumped 254 to 410 billion and industrial and energy technology orders fell 1 to 353 billion “we continue to believe that the current environment remains unique with a spending cycle that is more durable and less sensitive to commodity price swings relative to prior cycles” said chief executive officer lorenzo simonelli “another notable characteristic of this cycle is the continued shift towards the development of natural gas and lng liquid natural gas” the stock has eased 01 year to date while the sp 500 spx has gained 82