Baker Hughes Incorporated (BHI) Tops Q4 EPS by 19c
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Price: $47.89 -0.68%
Revenue Growth %: -2.4%
Financial Fact:
Marketing, general and administrative: 328M
Today's EPS Names:
CSS, STV, GIGM, More
Revenue Growth %: -2.4%
Financial Fact:
Marketing, general and administrative: 328M
Today's EPS Names:
CSS, STV, GIGM, More
Trade BHI Now!
Baker Hughes Incorporated (NYSE: BHI) reported Q4 EPS of $0.84, $0.19 better than the analyst estimate of $0.65. Revenue for the quarter came in at $4.42 billion versus the consensus estimate of $4.27 billion.
Chad C. Deaton, Baker Hughes chairman and chief executive officer, said, "In North America, margins increased almost 500 basis points sequentially reflecting the ongoing strength of customer spending in unconventional oil and gas plays and price realization. Given high oil prices and relatively low gas prices, customers are increasing drilling in crude oil and liquids rich natural gas plays where service intensity continues to increase. The trend toward longer horizontal wells with more frac stages is benefitting our directional drilling systems, completions and pressure pumping sales."
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Chad C. Deaton, Baker Hughes chairman and chief executive officer, said, "In North America, margins increased almost 500 basis points sequentially reflecting the ongoing strength of customer spending in unconventional oil and gas plays and price realization. Given high oil prices and relatively low gas prices, customers are increasing drilling in crude oil and liquids rich natural gas plays where service intensity continues to increase. The trend toward longer horizontal wells with more frac stages is benefitting our directional drilling systems, completions and pressure pumping sales."
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