WASHINGTON (dpa-AFX) - Baker Hughes Company (BKR) announced a profit for its second quarter that Increased from last year and beat the Street estimates.
The company's bottom line came in at $701 million, or $0.71 per share. This compares with $579 million, or $0.58 per share, last year.
Excluding items, Baker Hughes Company reported adjusted earnings of $623 million or $0.63 per share for the period.
Analysts on average had expected the company to earn $0.55 per share. Analysts' estimates typically exclude special items.
The company's revenue for the period fell 3.2% to $6.910 billion from $7.139 billion last year.
Baker Hughes Company earnings at a glance (GAAP) :
-Earnings: $701 Mln. vs. $579 Mln. last year. -EPS: $0.71 vs. $0.58 last year. -Revenue: $6.910 Bln vs. $7.139 Bln last year.
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