Baker Hughes Q1 Earnings Beat Expectations ...Middle East

Baker Hughes (NASDAQ: BKR) on Wednesday reported adjusted earnings per share for the first quarter, beating analyst estimates, reiterating a view in the oilfield services industry that the current oil and gas spending cycle could last for years. Baker Hughes, the first of the top three oilfield services to report Q1 earnings, said today that its adjusted diluted earnings per share stood at $0.28, down by 25% on the quarter, but an increase of 85% compared to the first quarter of 2022. The past quarter’s EPS beat the analyst consensus estimate…

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