Baker Hughes Company Q4 Profit Increases, Beats Estimates

Baker Hughes

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(RTTNews) - Baker Hughes Company (BKR) released earnings for its fourth quarter that increased from the same period last year and beat the Street estimates.

The company's earnings totaled $1.179 billion, or $1.18 per share. This compares with $439 million, or $0.43 per share, last year.

Excluding items, Baker Hughes Company reported adjusted earnings of $694 million or $0.70 per share for the period.

Analysts on average had expected the company to earn $0.63 per share. Analysts' estimates typically exclude special items.

The company's revenue for the period rose 7.7% to $7.364 billion from $6.835 billion last year.

Baker Hughes Company earnings at a glance (GAAP) :

-Earnings: $1.179 Bln. vs. $439 Mln. last year. -EPS: $1.18 vs. $0.43 last year. -Revenue: $7.364 Bln vs. $6.835 Bln last year.