Edition:
United States

Baker Hughes A GE Co Posts Q1 Revenue of $5.615 Billion


Tuesday, 30 Apr 2019 06:45am EDT 

April 30 (Reuters) - Baker Hughes A GE Co ::BAKER HUGHES, A GE COMPANY ANNOUNCES FIRST QUARTER 2019 RESULTS.Q1 REVENUE $5.615 BILLION VERSUS REFINITIV IBES ESTIMATE OF $5.63 BILLION.Q1 GAAP EARNINGS PER SHARE $0.06.ORDERS OF $5.7 BILLION FOR QUARTER, DOWN 17% SEQUENTIALLY AND UP 9% YEAR-OVER-YEAR.Q1 ADJUSTED NON-GAAP EARNINGS PER SHARE $0.15.IN QUARTER, U.S. RIG COUNT DROPPED SLIGHTLY LESS THAN EXPECTED, AND INTERNATIONAL ACTIVITY REMAINED STEADY.BAKER HUGHES - IN OILFIELD SERVICES, SAW TYPICAL SEASONAL DECLINES IN VOLUME SEQUENTIALLY, AND STRONG Y-O-Y GROWTH ACROSS ALL PRODUCT LINES DURING QUARTER.BAKER HUGHES - "NEXT WAVE OF LNG PROJECTS WILL BE POSITIVE FOR US, AND WE CONTINUE TO SEE ENCOURAGING SIGNS IN THE OFFSHORE MARKET".QTRLY OILFIELD SERVICES REVENUE OF $2,986 MILLION, UP 12%.Q1 EARNINGS PER SHARE VIEW $0.13 -- REFINITIV IBES DATA.