Baker Hughes (BHGE) Beats On Q2 Earnings, Eyes LNG Growth
Zacks Investment Research | Jul 30, 2019 10:44PM ET
Baker Hughes, a GE company (NYSE:BHGE) reported second-quarter 2019 adjusted earnings of 20 cents per share, which beat the Zacks Consensus Estimate by a penny. Moreover, the bottom line rose from the year-ago quarter’s 10 cents.
Revenues totaled $5,994 million, surpassing the Zacks Consensus Estimate of $5,820 million. The figure is also higher than the year-ago quarter’s $5,548 million.
The strong quarterly results were backed by higher order volumes in Subsea Production Systems, Subsea Services and Subsea Drilling Systems businesses. Moreover, increased activities in the Middle East, Asia Pacific and Europe, as well as cost efficiency aided the results.
Baker Hughes, a GE company Price, Consensus and EPS Surprise
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