Baker Hughes Company (BKR) Reports In-Line Q1 EPS, Revenues Miss

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Go back to Baker Hughes Company (BKR) Reports In-Line Q1 EPS, Revenues Miss

Baker Hughes Company Announces First Quarter 2020 Results

April 22, 2020 7:00 AM EDT

Orders of $5.5 billion for the quarter, down 20% sequentially and down 3% year-over-year Revenue of $5.4 billion for the quarter, down 15% sequentially and down 3% year-over-year GAAP operating loss of $16,059 million for the quarter, down sequentially and year-over-year Adjusted operating income (a non-GAAP measure) of $240 million for the quarter, down 56% sequentially and down 12% year-over-year GAAP diluted loss per share of $(15.64) for the quarter which included $15.75 per share of adjusting items. Adjusted diluted earnings per share (a non-GAAP measure) were $0.11. Cash flows generated from operating activities... More