Halliburton books $1.1 billion charge, slashes spending by 50%
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Baker Hughes Company (BKR) Reports In-Line Q1 EPS, Revenues Miss
April 22, 2020 7:06 AM EDTBaker Hughes Company (NYSE: BKR) reported Q1 EPS of $0.11, in-line with the analyst estimate of $0.11. Revenue for the quarter came in at $5.43 billion versus the consensus estimate of $5.63 billion.
Orders of $5.5 billion for the quarter, down 20% sequentially and down 3% year-over-yearRevenue of $5.4 billion for the quarter, down 15% sequentially and down 3% year-over-yearGAAP operating loss of $16,059 million for the quarter, down sequentially and year-over-yearAdjusted operating income (a non-GAAP measure) of $240 million for the quarter, down 56% sequentially and down 12% year-over-yearGAAP diluted loss per share of $(15.64) for the quarter which included $15.75 per share... More