Baker Hughes: Fourth Quarter Earnings Overview

Baker Hughes Announces Strong Fourth-Quarter Earnings

Baker Hughes Co., headquartered in Houston, revealed on Sunday that it earned $876 million in the fourth quarter.

The company reported net earnings of 88 cents per share, with adjusted earnings—excluding certain one-time items—coming in at 78 cents per share.

These results surpassed analysts’ expectations, as a consensus of 11 analysts polled by Zacks Investment Research had forecasted earnings of 67 cents per share.

During the same period, Baker Hughes generated $7.39 billion in revenue, exceeding the $7.06 billion anticipated by eight Zacks analysts.

For the full year, Baker Hughes achieved a profit of $2.59 billion, or $2.60 per share, with total revenue reaching $27.73 billion.

Since the start of the year, Baker Hughes shares have climbed 18%, matching the stock’s growth over the past twelve months.