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Baker Hughes: Q2 Earnings Snapshot
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HOUSTON (AP) — HOUSTON (AP) — Baker Hughes Co. (BKR) on Sunday reported second-quarter earnings of $681 million.

The Houston-based company said it had profit of 68 cents per share. Earnings, adjusted for non-recurring gains, came to 64 cents per share.

The results topped Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 51 cents per share.

The oilfield services company posted revenue of $6.74 billion in the period, also topping Street forecasts. Five analysts surveyed by Zacks expected $6.49 billion.

Baker Hughes shares have risen 26% since the beginning of the year. The stock has climbed 24% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on BKR at https://www.zacks.com/ap/BKR

Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.
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