Baker Hughes Company Announces Second Quarter 2020 Results
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Baker Hughes Company (BKR) Misses Q2 EPS by 5c, Revenues Beat
July 22, 2020 7:02 AM EDTBaker Hughes Company (NYSE: BKR) reported Q2 EPS of ($0.05), $0.05 worse than the analyst estimate of $0.00. Revenue for the quarter came in at $4.9 billion versus the consensus estimate of $4.8 billion.
Orders of $4.9 billion for the quarter, down 12% sequentially and down 25% year-over-yearRevenue of $4.7 billion for the quarter, down 13% sequentially and down 21% year-over-yearGAAP operating loss of $52 million for the quarter was favorable sequentially and unfavorable year-over-year.Adjusted operating income (a non-GAAP measure) of $104 million for the quarter, down 56% sequentially and down 71% year-over-yearGAAP loss per share of $(0.31) for the quarter which... More