Baker Hughes (BHI) Posts Smaller-than-Expected Q3 Loss

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Go back to Baker Hughes (BHI) Posts Smaller-than-Expected Q3 Loss

Baker Hughes Announces Third Quarter Results

October 25, 2016 6:30 AM EDT

Revenue of $2.4 billion for the quarter, down 2% sequentially and 38% year-over-year Operating losses were $321 million for the quarter, a sequential improvement of $249 million, or 44% GAAP net loss per share of $1.00 for the quarter includes $0.85 per share of adjusting items Cash flows from operating activities were $119 million for the quarter

HOUSTON--(BUSINESS WIRE)-- Baker Hughes Incorporated (NYSE: BHI) announced today results for the third quarter of 2016.

Our third quarter results demonstrate the progress we have made... More