Baker Hughes Q3 2024 Adj EPS $0.67 Beats $0.61 Estimate, Sales $6.91B Miss $7.22B Estimate
Portfolio Pulse from Benzinga Newsdesk
Baker Hughes reported Q3 2024 earnings per share of $0.67, surpassing the $0.61 estimate, but sales of $6.91 billion fell short of the $7.22 billion estimate. Despite the sales miss, EPS increased significantly from the previous year.
October 22, 2024 | 9:02 pm
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Baker Hughes reported better-than-expected Q3 2024 EPS of $0.67, a significant increase from last year, but sales missed estimates. This mixed result may lead to short-term stock volatility.
The positive EPS surprise indicates strong profitability, which is favorable for the stock. However, the sales miss could raise concerns about revenue growth, leading to mixed investor sentiment and potential short-term volatility.
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