Baker Hughes Reports Q2 Results Above Street Expectations
Portfolio Pulse from Akanksha Bakshi
Baker Hughes Co (NASDAQ:BKR) reported Q2 FY23 revenue of $6.32 billion, a 25.1% increase YoY, beating the consensus of $6.26 billion. Orders grew by 28% YoY to $7.5 billion, driven by an increase in IET and OFSE segments. Adjusted EPS was $0.39, beating the consensus of $0.33. The company expects Q3 FY23 revenue of $6.4 billion-$6.5 billion and FY23 revenue of $24.8 billion-$26 billion. BKR shares are trading higher by 0.97% at $35.38.
July 19, 2023 | 1:53 pm
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Baker Hughes Co's Q2 FY23 results beat expectations, driving its stock price up.
Baker Hughes Co reported better than expected Q2 FY23 results, with revenue and EPS beating consensus. This positive news is likely to have a positive impact on the company's stock price in the short term.
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