Baker Hughes a GE Co Posts Loss but Beats Adjusted EPS Estimates
July 31 2019 - 7:59AM
Dow Jones News
By Michael Tobin
Baker Hughes a GE Co. (BHGE) on Wednesday reported a
second-quarter loss but beat analysts' expectations for adjusted
earnings per share.
The oilfield product holding company posted a loss of $9
million, or two cents a share, compared with a loss of $19 million
or 5 cents a share during the end of last year's second quarter.
Analysts polled by FactSet estimated earnings of 16 cents a
share.
On an adjusted basis, the company had earnings of 20 cents a
share, compared with 10 cents a share during this time last year.
Analysts were expecting adjusted earnings of 19 cents a share.
The company had $5.99 billion in revenue, compared with $5.55
billion during this time last year. Analysts expected revenue of
$5.81 billion.
Write to Michael Tobin at michael.tobin@wsj.com
(END) Dow Jones Newswires
July 31, 2019 07:44 ET (11:44 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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