GE's Baker Hughes adjusted profit beats on higher North America demand

General Electric (GE.N) and Baker Hughes closed a merger of their oilfield services businesses in July, and Wednesday's report was the second combined earnings release for the newly formed company.GE's Baker Hughes reported revenue of $5.76 billion in the fourth quarter, up 7 percent sequentially but down 3 percent from a year ago on a combined basis.Excluding items, Baker Hughes earned 15 cents per share, beating analysts' average estimate by 1 cent.