WASHINGTON (dpa-AFX) - Baker Hughes Company (BKR) reported that its net income attributable to the company for the fourth-quarter declined to $876 million or $0.88 per share from $1.179 billion or $1.18 per share in the same quarter last year.
Adjusted earnings per share for the quarter were $0.78 up from $0.70 in the prior year. Analysts expected the company to report earnings of $0.67 per share for the quarter. Analysts' estimates typically exclude special items.
Revenue for the quarter was $7.386 billion, up from $7.364 billion last year. Analysts expected revenue of $7.08 billion for the quarter.
For 2026, the company anticipates overall organic Adjusted EBITDA growth in the mid-single digits range, with Industrial & Energy Technology ('IET') expanding margins to our 20% target and Oilfield Services & Equipment ('OFSE') remaining relatively flat.
BKR closed regular trading at $53.80 on January 23, down $0.78 or 1.43%. In overnight trading on January 25 at 8:08 PM EST, the stock rebounded to $56.22, gaining $2.42 or 4.50%.
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