Baker Hughes Q1 2024 Adj EPS $0.43 Beats $0.40 Estimate, Sales $6.418B Beat $6.368B Estimate
Portfolio Pulse from Benzinga Newsdesk
Baker Hughes (NASDAQ:BKR) reported Q1 2024 adjusted earnings of $0.43 per share, surpassing the consensus estimate of $0.40, and sales of $6.418B, exceeding the $6.368B estimate. This represents a 12.28% increase in sales compared to the same period last year.
April 23, 2024 | 9:01 pm
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Baker Hughes reported Q1 2024 adjusted EPS of $0.43, beating estimates, with sales of $6.418B also surpassing expectations.
Beating both earnings and sales estimates typically leads to positive investor sentiment and can drive the stock price up in the short term. The significant year-over-year sales growth further emphasizes the company's strong performance.
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RELEVANCE 100