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
CL Earnings: Key quarterly highlights from Colgate-Palmolive’s Q2 2024 financial results
Colgate-Palmolive Company (NYSE: CL) reported its second quarter 2024 earnings results today. Net sales increased 4.9% year-over-year to $5 billion. Organic sales increased 9%. Net income attributable to Colgate-Palmolive Company was $731
Key takeaways from Visa’s Q3 2024 earnings report
Credit card behemoth Visa, Inc. (NYSE: V) this week reported mixed results for the June quarter, with earnings matching expectations and sales slightly missing the view. Both numbers grew in
Southwest Airlines (LUV): A look at the airline’s performance in Q2 2024
Shares of Southwest Airlines Co. (NYSE: LUV) were up over 6% on Thursday after the company beat earnings estimates for the second quarter of 2024. The stock has gained 4%