Baker Hughes Company (BKR) Misses Q4 EPS by 4c, Revenues Miss

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Baker Hughes Company Announces Fourth Quarter and Total Year 2019 Results

January 22, 2020 7:00 AM EST

Orders of $6.9 billion for the quarter, down 11% sequentially and up 1% year-over-year Revenue of $6.3 billion for the quarter, up 8% sequentially and up 1% year-over-year GAAP operating income of $331 million for the quarter, up 11% sequentially and down 13% year-over-year Adjusted operating income (a non-GAAP measure) of $546 million for the quarter, up 30% sequentially and up 10% year-over-year GAAP diluted earnings per share of $0.07 for the quarter which included $0.20 per share of adjusting items. Adjusted diluted earnings per share (a non-GAAP measure) were $0.27. Cash flows generated from operating activities... More