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    Home » Baker Hughes reports $5.4bn revenue for Q1 2018

    Baker Hughes reports $5.4bn revenue for Q1 2018

    April 22, 2018
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    22 April 2018, News Wires – Baker Hughes has announced a revenue $5.4 billion for the quarter of2018, down 7% sequentially and up 1% year-over-year on a combined business basis.

    The company also reported orders of $5.2 billion for the quarter, down 8% sequentially and up 9% year-over-year on a combined business basis.

    GAAP operating loss was $41 million for the quarter, decreasing 63% sequentially and increased unfavorably year-over-year on a combined business basis
    Adjusted operating income (a non-GAAP measure) of $228 million for the quarter, down 20% sequentially and down 19% year-over-year.

     

    • Reuters

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