April 11, 2021
Business News

Baker Hughes Company Announces Third Quarter 2020 Results


LONDON & HOUSTON–()–Baker Hughes Company (NYSE: BKR) (“Baker Hughes” or the “Company”) announced results today for the third quarter of 2020.

 

Three Months Ended

 

Variance

(in millions except per share amounts)

September 30,

2020

June 30,

2020

September 30,

2019

 

Sequential

Year-

over-year

Orders

$

5,106

 

$

4,888

 

$

7,783

 

 

4%

(34)%

Revenue

5,049

 

4,736

 

5,882

 

 

7%

(14)%

Operating income (loss)

(49)

 

(52)

 

297

 

 

6%

U

Adjusted operating income (non-GAAP)

234

 

104

 

422

 

 

F

(45)%

Net income (loss)…



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