Baker Hughes Reports Strong Q4 Earnings, Surpassing Estimates

HOUSTON, TX - Baker Hughes Co. (BKR) announced its fourth-quarter earnings on Thursday, exceeding Wall Street expectations.

Key Metrics:

* Earnings per share (EPS): $1.18 (adjusted: 70 cents)
* Net income: $1.18 billion
* Revenue: $7.36 billion

Analyst Consensus:

Zacks Investment Research surveyed 10 analysts who estimated EPS of 63 cents per share. Revenue expectations stood at $7.09 billion.

Full-Year Results:

For the fiscal year, Baker Hughes reported:

* Profit: $2.98 billion
* EPS: $2.98
* Revenue: $27.83 billion

Stock Performance:

BKR shares have experienced a rise of nearly 9% year-to-date. During Thursday's trading session, they climbed to $44.60, marking a 52% increase over the past year.

Disclaimer:

This article was automatically generated by Automated Insights using data from Zacks Investment Research. For more information, access the Zacks stock report on BKR at https://www.zacks.com/ap/BKR