Baker Hughes (BHI) Tops Q1 EPS by 17c

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Baker Hughes Announces First Quarter Results

April 25, 2017 6:30 AM EDT

Revenue of $2.3 billion for the quarter, down 6% sequentially and 15% year-over-year GAAP net loss per share of $0.30 for the quarter includes $0.26 per share of adjusting items Adjusted EBITDA (non-GAAP measure) was $309 million for the quarter, up 16% sequentially

HOUSTON--(BUSINESS WIRE)-- Baker Hughes Incorporated (NYSE: BHI) announced today results for the first quarter of 2017.

Baker Hughes delivered another sequential quarter of improved adjusted operating profit, despite industry headwinds in certain market segments, said Martin Craighead, Baker Hughes Chairman and Chief Executive... More