Baker Hughes Company Announces Fourth Quarter and Total Year 2020 Results
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Baker Huges Co. (BKR) PT Raised to $32 at Cowen Following Results
January 22, 2021 6:35 AM ESTCowen analyst Marc Bianchi raised the price target on Baker Huges Co. (NYSE: BKR) to $32.00 (from $29.00) while maintaining an Outperform rating after a beat and raise
The analyst commented, "BKR o/p the OIH by ~300bps on a down day for the... More
Baker Hughes Company (BKR) Misses Q4 EPS by 24c, Revenues Beat
January 21, 2021 7:02 AM ESTBaker Hughes Company (NYSE: BKR) reported Q4 EPS of ($0.07), $0.24 worse than the analyst estimate of $0.17. Revenue for the quarter came in at $5.5 billion versus the consensus estimate of $5.38 billion.
Orders of $5.2 billion for the quarter, up 2% sequentially and down 25% year-over-year.Revenue of $5.5 billion for the quarter, up 9% sequentially and down 13% year-over-year.GAAP operating income of $182 million for the quarter, up $231 million sequentially and down 45% year-over-year.Adjusted operating income (a non-GAAP measure) of $462 million for the quarter, up 98% sequentially and... More