Baker Hughes Q2 revenue hits $6.7B
Baker Hughes achieved a quarterly revenue of $6.7 billion and surpassed Wall Street expectations for second-quarter profits, reporting adjusted earnings of 64 cents per share compared to the forecast of 50 cents. Despite a slowdown in drilling activity due to Middle East disruptions, the performance of the Industry and Energy Technology division offset this decline significantly. The company's orders reached $10.5 billion, supporting strong results, with operating cash flows of $1.34 billion and high earnings per share.
Size: 120%Text Size
Notice: This Is an AI-Generated Summary
Comments (0)