Baker Hughes Announces First Quarter Results
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Baker Hughes (BHI) Tops Q1 EPS by 17c
April 25, 2017 6:33 AM EDTBaker Hughes (NYSE: BHI) reported Q1 EPS of ($0.04), $0.17 better than the analyst estimate of ($0.21). Revenue for the quarter came in at $2.3 billion versus the consensus estimate of $2.27 billion.
Revenue of $2.3 billion for the quarter, down 6% sequentially and 15% year-over-yearGAAP net loss per share of $0.30 for the quarter includes $0.26 per share of adjusting itemsAdjusted EBITDA (non-GAAP measure) was $309 million for the quarter, up 16% sequentiallyBaker Hughes delivered another sequential quarter of improved adjusted operating profit, despite industry headwinds in certain market segments, said Martin Craighead, Baker Hughes Chairman and Chief... More
