Baker Hughes' Results Top Expectations

Baker Hughes (NASDAQ:BKR), a global leader in energy technology services, announced its fourth-quarter results on Jan. 30. The company's adjusted EPS rose by 37.3% year over year to $0.70, outperforming the $0.62 analyst consensus. Revenue rose by 7.7% to $7.364 billion, beating the consensus estimate of $7.069 billion. Overall, the quarter showcased robust performance and strategic advancements in its energy transition initiatives.

Source: Analysts' estimates for the quarter provided by FactSet.

Baker Hughes operates as a comprehensive technology company in the energy sector, providing solutions to the oil and natural gas industry and the industrial market. It offers cutting-edge services ranging from oilfield equipment to broad energy technology products. Recently, Baker Hughes has prioritized innovation in low-carbon solutions, aligning itself with global sustainability trends.

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Source Fool.com