Baker Hughes Company (BKR) Tops Q3 EPS by 1c, Revenues Beat

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Go back to Baker Hughes Company (BKR) Tops Q3 EPS by 1c, Revenues Beat

Baker Hughes Company Announces Third Quarter 2020 Results

October 21, 2020 7:00 AM EDT

Orders of $5.1 billion for the quarter, up 4% sequentially and down 34% year-over-year Revenue of $5.0 billion for the quarter, up 7% sequentially and down 14% year-over-year GAAP operating loss of $49 million for the quarter, up 6% sequentially and unfavorable year-over-year. Adjusted operating income (a non-GAAP measure) of $234 million for the quarter was favorable sequentially and down 45% year-over-year. GAAP loss per share of $(0.25) for the quarter which included $0.29 per share of adjusting items. Adjusted earnings per share (a non-GAAP measure) was $0.04. Cash flows generated from operating activities were... More