Baker Hughes Company (BKR) Misses Q2 EPS by 5c, Revenues Beat
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Baker Hughes Company Announces Second Quarter 2020 Results
July 22, 2020 7:00 AM EDTOrders of $4.9 billion for the quarter, down 12% sequentially and down 25% year-over-year Revenue of $4.7 billion for the quarter, down 13% sequentially and down 21% year-over-year GAAP operating loss of $52 million for the quarter was favorable sequentially and unfavorable year-over-year. Adjusted operating income (a non-GAAP measure) of $104 million for the quarter, down 56% sequentially and down 71% year-over-year GAAP loss per share of $(0.31) for the quarter which included $0.26 per share of adjusting items. Adjusted loss per share (a non-GAAP measure) was $(0.05). Cash flows generated from operating activities... More
