Baker Hughes Company Q4 Profit Decreases, misses estimates

Baker Hughes Company (BKR) released earnings for fourth quarter that decreased from the same period last year and missed the Street estimates.

The company's bottom line totaled $182 million, or $0.18 per share. This compares with $294 million, or $0.33 per share, in last year's fourth quarter.

Excluding items, Baker Hughes Company reported adjusted earnings of $381 million or $0.38 per share for the period.

Analysts on average had expected the company to earn $0.40 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 7.7% to $5.91 billion from $5.49 billion last year.

Baker Hughes Company earnings at a glance (GAAP) :

-Earnings (Q4): $182 Mln. vs. $294 Mln. last year.
-EPS (Q4): $0.18 vs. $0.33 last year.
-Analyst Estimates: $0.40
-Revenue (Q4): $5.91 Bln vs. $5.49 Bln last year.

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