Baker Hughes (BHI) Misses Q1 EPS Views

Baker Hughes (NYSE: BHI) reported Q1 EPS of ($1.58), $1.24 worse than the analyst estimate of ($0.34). Revenue for the quarter came in at $2.7 billion versus the consensus estimate of $2.85 billion.

Adjusted net loss excludes impairment and restructuring charges of $145 million after-tax ($0.33 per diluted share), merger and related costs of $92 million after-tax ($0.21 per diluted share), and a loss on a firm purchase commitment of $43 million after-tax ($0.10 per diluted share). These adjustments total $280 million after-tax ($0.64 per diluted share).

For earnings history and earnings-related data on Baker Hughes (BHI) click here.

You May Also Be Interested In

• BofA lists top 5 themes driving next $1tn in incremental semi sales
• FirstCash to acquire UK pawn operator Ramsdens for £206 million
• Synopsys upgraded at Piper Sandler on Intel foundry momentum, Apple opportunity