Baker Hughes Q2 sales exceed expectations, orders increase 49% year-on-year

Golden Ten Data July 27｜Baker Hughes released its second-quarter results: sales reached $6.742 billion, down 2.43% year-on-year, exceeding market expectations of $6.523 billion; adjusted EBITDA was $1.231 billion, up 2% year-on-year; earnings per share were $0.64, outperforming market expectations of $0.50. Orders increased 49% year-on-year to $10.5 billion, driving remaining performance obligations up to $40.1 billion.