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Baker Hughes Q4 adjusted earnings in line with estimates

Staff Writer | January 31, 2019
Baker Hughes reported a profit for its fourth quarter that advanced from last year.
Baker Hughes
Baker Hughes   The company's bottom line came in at $131 million
The company's bottom line came in at $131 million, or $0.28 per share. This compares with $31 million, or $0.07 per share, in last year's fourth quarter.

Excluding items, Baker Hughes reported adjusted earnings of $120 million or $0.26 per share for the period.

Analysts had expected the company to earn $0.26 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 18.8% to $6.88 billion from $5.79 billion last year.