Baker Hughes Company (BKR) Misses Q3 EPS by 5c

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Go back to Baker Hughes Company (BKR) Misses Q3 EPS by 5c

Baker Hughes Company Announces Third Quarter 2021 Results

October 20, 2021 7:00 AM EDT

Orders of $5.4 billion for the quarter, up 6% sequentially and up 5% year-over-year. Revenue of $5.1 billion for the quarter, down 1% sequentially and up 1% year-over-year. GAAP operating income of $378 million for the quarter, up 95% sequentially and favorable year-over-year. Adjusted operating income (a non-GAAP measure) of $402 million for the quarter was up 21% sequentially and up 72% year-over-year. Adjusted EBITDA* (a non-GAAP measure) of $664 million for the quarter was up 9% sequentially and up 21% year-over-year. GAAP earnings per share of $0.01 for the quarter which included $0.15 per share of adjusting items. Adjusted earnings... More