Baker Hughes: Q3 Earnings Snapshot
By AP News
Published - Oct 22, 2024, 05:08 PM ET
Last Updated - Dec 16, 2024, 06:06 PM EST
HOUSTON (AP) — HOUSTON (AP) — Baker Hughes Co. (BKR) on Tuesday reported third-quarter net income of $766 million.
On a per-share basis, the Houston-based company said it had profit of 77 cents. Earnings, adjusted for non-recurring gains, came to 67 cents per share.
The results exceeded Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of 60 cents per share.
The oilfield services company posted revenue of $6.91 billion in the period, falling short of Street forecasts. Seven analysts surveyed by Zacks expected $7.19 billion.
