Baker Hughes Company Announces Third Quarter 2020 Results
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Baker Hughes Company (BKR) Tops Q3 EPS by 1c, Revenues Beat
October 21, 2020 7:03 AM EDTBaker Hughes Company (NYSE: BKR) reported Q3 EPS of $0.04, $0.01 better than the analyst estimate of $0.03. Revenue for the quarter came in at $5.05 billion versus the consensus estimate of $4.79 billion.
Orders of $5.1 billion for the quarter, up 4% sequentially and down 34% year-over-yearRevenue of $5.0 billion for the quarter, up 7% sequentially and down 14% year-over-yearGAAP operating loss of $49 million for the quarter, up 6% sequentially and unfavorable year-over-year.Adjusted operating income (a non-GAAP measure) of $234 million for the quarter was favorable sequentially and down 45% year-over-year.GAAP loss per share of $(0.25) for the quarter... More