Baker Hughes (BKR) Q4 Earnings Top Estimates, Revenues Miss

Baker Hughes Company (BKR) reported fourth-quarter 2023 adjusted earnings of 51 cents per share, which beat the Zacks Consensus Estimate of 47 cents. The bottom line also improved from the year-ago quarter’s level of 38 cents.Total quarterly revenues of $6,835 million missed the Zacks Consensus Estimate of$6,909 million. The top line, however, increased from the year-ago quarter’s level of $5,905 million.Strong quarterly earnings were primarily driven by higher contributions from the Oilfield Services and ...