Energy technology company Baker Hughes Company (NASDAQ: BKR) released results for the second quarter of 2023, reporting a sharp increase in adjusted profit and revenues.
- The company’s revenue totaled $6.3 billion in the June quarter, which is up 25% from the comparable period of 2022
- The top line benefitted from a 28% year-over-year increase in orders to $7.5 billion
- Net income attributable to the company was $410 million during the three-month period, compared to a loss of $839 million last year
- On a per-share basis, unadjusted earnings were $0.40, which marked an improvement from the $0.84 loss reported last year
- Adjusted profit came in at $0.39 per share in the second quarter, compared to $0.11 per share in the corresponding period of last year
- Second-quarter adjusted EBITDA was $907 million, up 39% year-over-year
Looking for more insights on the earnings results? Click here to access the full transcripts of the latest earnings conference calls!
Most Popular
NKE Earnings: Here’s everything you need to know about Nike’s Q1 report
Nike, Inc. (NYSE: NKE) on Thursday reported results for the first three months of fiscal 2024, reporting a modest rise in revenues. The sneaker giant reported net income of $1.45
Key takeaways from Accenture’s (ACN) Q4 2023 earnings report
Shares of Accenture plc (NYSE: ACN) were down 4% on Thursday after the company delivered mixed results for the fourth quarter of 2023 and provided full-year guidance that came below
CarMax (KMX) Q2 2024 Earnings: Key financials and quarterly highlights
CarMax, Inc. (NYSE: KMX) reported second quarter 2024 earnings results today. Net revenues were $7.1 billion, down 13.1% compared to the same period a year ago. Net earnings declined 5.8%
