Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
- Baker Hughes Co (NASDAQ:BKR) reported fourth-quarter FY22 sales growth of 8% year-on-year, to $5.91 billion, missing the consensus of $6.06 billion.
- Orders for the quarter totaled $8 billion, a 20% increase Y/Y.
- Operating margin was 11.2%, and operating income for the quarter rose 15% to $663 million.
- The company held $2.5 billion in cash and equivalents as of December 31, 2022.
- Cash from operating activities amounted to $898 million, and free cash flow was $657 million.
- Adjusted EBITDA for the quarter rose 12% Y/Y to $947 million.
- Adjusted EPS of $0.38 missed the analyst consensus of $0.40.
- "In 2023, the global economy is expected to experience some challenges under the weight of inflationary pressures and tightening monetary conditions," said chairman and CEO Lorenzo Simonelli.
- Price Action: BKR shares are trading higher by 1.38% at $31.50 in premarket on the last check Monday.
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
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