MARKETS

Baker Hughes' third quarter earnings misses estimates

OILDFIELD services giant Baker Hughes has posted mixed third quarter 2022 results, with non-GAAP earnings per share of $0.26 beating by $0.01 but revenue of $5.37B (+5.5% year on year) missed by some $60 million.

Tim Daiss

Baker Hughes' third quarter earnings misses estimates

The company posted a quarterly loss compared with a profit a year ago, hit by $230 million in restructuring and impairment charges relating to the oilfield services provider's latest reorganization. ...

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