Investing.com - Baker Hughes A (NYSE:BHGE) reported third quarter earnings that missed analyst's expectations on Tuesday and revenue that fell short of forecasts.
The firm reported earnings per share of $0.19 on revenue of $5.67B. Analysts polled by Investing.com anticipated EPS of $0.21 on revenue of $5.88B. That compared to EPS of $0.15 on revenue of $5.38B in the same period a year earlier. The company had reported EPS of $0.1 on revenue of $5.55B in the previous quarter.
Baker Hughes A shares slightly moved 0.00% to trade at $26.59 in pre-market trade following the report.
For the year, Baker Hughes A shares are down 15.96%, under-performing the S&P 500 which is down 1.58% year to date.
Baker Hughes A follows other major Energy sector earnings this month
On Friday, Total ADR reported third quarter EPS of $1.47 on revenue of $48.4B, compared to forecasts of EPS of $1.41 on revenue of $48.86B.
BP (LON:BP) ADR earnings beat analyst's expectations on Tuesday, with third quarter EPS of $1.15 on revenue of $79.5B. Investing.com analysts expected EPS of $0.87 on revenue of $23.47B
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