Baker Hughes Company (BKR) Misses Q2 EPS by 11c

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Go back to Baker Hughes Company (BKR) Misses Q2 EPS by 11c

Baker Hughes Company Announces Second Quarter 2022 Results

July 20, 2022 7:00 AM EDT

Orders of $5.9 billion for the quarter, down 14% sequentially and up 15% year-over-year. Revenue of $5.0 billion for the quarter, up 4% sequentially and down 2% year-over-year. GAAP operating loss of $25 million for the quarter, down $304 million sequentially and down $219 million year-over-year. Adjusted operating income (a non-GAAP measure) of $376 million for the quarter, up 8% sequentially and up 13% year-over-year. Adjusted EBITDA* (a non-GAAP measure) of $651 million for the quarter, up 4% sequentially and up 6%... More