Baker Hughes Q2 EPS $0.39 Beats $0.33 Estimate, Sales $6.32B Beat $6.26B Estimate
Portfolio Pulse from Benzinga Newsdesk
Baker Hughes (NASDAQ:BKR) reported Q2 earnings of $0.39 per share, beating the analyst consensus estimate of $0.33 by 18.18%. This is a 254.55% increase from the same period last year. The company also reported quarterly sales of $6.32 billion, beating the analyst consensus estimate of $6.26 billion by 0.96%. This is a 25.22% increase from the same period last year.
July 19, 2023 | 11:02 am
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POSITIVE IMPACT
Baker Hughes reported strong Q2 earnings and sales, both beating analyst estimates. This positive financial performance could potentially boost the company's stock in the short term.
Baker Hughes reported a significant increase in earnings and sales compared to the same period last year, and both figures beat analyst estimates. This strong financial performance indicates the company's robust operational efficiency and could potentially boost investor confidence, leading to a positive impact on the company's stock in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100