Baker Hughes Profit Falls 33% as Chart Industries Lifts Revenue
Photo: TokenPost
Baker Hughes posted third-quarter revenue of $8.025 billion, up 14% from a year earlier, while net income attributable to the company declined 33% to $411 million. Revenue increased from $7.010 billion a year earlier. It measures income from business activities before expenses are deducted. Net income, by contrast, reflects the company’s profit attributable to shareholders. That figure declined from $609 million in the year-earlier quarter. GAAP diluted earnings per share fell to $0.41 from $0.61. On an adjusted basis, net income rose 2% to $695 million from $678 million, and diluted earnings per share increased to $0.70 from $0.68.
Source: TokenPost
