Baker Hughes: Q3 Earnings Insights

Baker Hughes: Q3 Earnings Insights

Baker Hughes BKR reported its Q3 earnings results on Wednesday, October 19, 2022 at 07:00 AM.

Here's what investors need to know about the announcement.

Earnings

Baker Hughes beat estimated earnings by 4.0%, reporting an EPS of $0.26 versus an estimate of $0.25.

Revenue was up $276.00 million from the same period last year.

Past Earnings Performance

Last quarter the company missed on EPS by $0.11 which was followed by a 3.75% drop in the share price the next day.

Here's a look at Baker Hughes's past performance:

 

Quarter Q2 2022 Q1 2022 Q4 2021 Q3 2021
EPS Estimate 0.22 0.20 0.28 0.21
EPS Actual 0.11 0.15 0.25 0.16
Revenue Estimate 5.34B 5.03B 5.49B 5.32B
Revenue Actual 5.05B 4.83B 5.52B 5.09B

To track all earnings releases for Baker Hughes visit their earnings calendar here.

This article was generated by Benzinga's automated content engine and reviewed by an editor.

Posted In: BZI-RecapsEarnings