Baker Hughes, a GE company Announces Fourth Quarter and Total Year 2018 Results

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General Electric (GE) Gains 7% Following Results

January 31, 2019 7:24 AM EST

General Electric (NYSE: GE) gains 6.9% to $9.73 following earnings.

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Baker Hughes, a GE company (BHGE) Reports In-Line Q4 EPS, Revenues Beat

January 31, 2019 6:47 AM EST

Baker Hughes, a GE company (NYSE: BHGE) reported Q4 EPS of $0.26, in-line with the analyst estimate of $0.26. Revenue for the quarter came in at $6.26 billion versus the consensus estimate of $6.05 billion.

Orders of $6.9 billion for the quarter, up 20% sequentially and up 21% year-over-yearRevenue of $6.3 billion for the quarter, up 11% sequentially and up 8% year-over-yearGAAP operating income of $382 million for the quarter, increased $100 million sequentially and increased $493 million year-over-yearAdjusted operating income (a non-GAAP measure) of $498 million for the quarter, up 32% sequentially and up $214 million year-over-year*GAAP diluted earnings per share of... More