Baker Hughes Co. (NASDAQ:BKR) reported upbeat first-quarter results after the closing bell on Thursday.
Baker Hughes reported first-quarter adjusted earnings per share of 58 cents, beating the analyst consensus estimate of 49 cents. Quarterly sales of $6.587 billion outpaced the Street view of $6.335 billion.
“Despite significant disruptions in the Middle East, our teams executed at a high level and delivered results that exceeded our guidance range,” said CEO Lorenzo Simonelli.
Management expects second-quarter revenue of $6.5 billion and adjusted EBITDA of $1.13 billion, assuming the conflict lasts through June without further escalation.
Baker …