Baker Hughes Q2 2024 Adj EPS $0.57 Beats $0.49 Estimate, Sales $7.139B Beat $6.805B Estimate
Portfolio Pulse from Benzinga Newsdesk
Baker Hughes (NASDAQ:BKR) reported Q2 2024 earnings per share of $0.57, surpassing the analyst estimate of $0.49 by 16.33%. The company also reported sales of $7.139 billion, beating the estimate of $6.805 billion by 4.91%. This represents a 12.96% increase over the same period last year.
July 25, 2024 | 9:06 pm
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Baker Hughes reported Q2 2024 earnings per share of $0.57, beating the analyst estimate of $0.49 by 16.33%. The company also reported sales of $7.139 billion, surpassing the estimate of $6.805 billion by 4.91%. This represents a 12.96% increase over the same period last year.
Baker Hughes' strong earnings and revenue performance, significantly beating analyst estimates, is likely to positively impact its stock price in the short term. The 12.96% year-over-year increase in sales further underscores the company's growth momentum.
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