Market Overview

UPDATE: Baker Hughes Q4 Profit Down 32%

Related BHI
Oil & Gas Stock Roundup: Schlumberger, Baker Hughes Hit 52-Week Highs on Q1 Beat - Analyst Blog
3 Energy ETFs to Watch After Oil Service Stock Earnings - ETF News And Commentary

Baker Hughes (NYSE: BHI) reported a 32% drop in its fourth-quarter earnings.

Baker Hughes' quarterly profit fell to $214 million, or $0.49 per share, from $314 million, or $0.72 per share, in the year-ago period.

Its revenue declined 1.4% to $5.22 billion. However, analysts were expecting earnings of $0.61 per share on revenue of $5.21 billion.

Its operating margin dropped to 8.3% from 10.3%.

Baker Hughes shares closed at $44.85 yesterday.

Posted-In: profitEarnings News

 

Most Popular

Related Articles (BHI)

Around the Web, We're Loving...

Partner Network

Get Benzinga's News Delivered Free