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
What to look for when Hewlett Packard (HPE) reports Q4 2024 results
Information technology company Hewlett Packard Enterprise (NYSE: HPE) is actively innovating its product portfolio to better align with the AI-driven transformation currently sweeping the industry. In recent quarters, the company's
What to expect when Dollar General (DG) reports Q3 2024 earnings
Shares of Dollar General Corporation (NYSE: DG) rose over 1% on Wednesday. The stock has dropped 38% over the past three months. The discount retailer is slated to report its earnings
Campbell Soup (CPB) to report Q1 earnings on Dec. 4. Here’s what to expect
Campbell Soup Company (NASDAQ: CPB) is gearing up to publish first-quarter results next week. The company recently rechristened itself, dropping “soup” from the name and assuming a new identity after
