Oilfield services giant Baker Hughes (NASDAQ: BKR) has posted mixed Q3 2022 results, with Q3 Non-GAAP EPS of $0.26 beating by $0.01 but revenue of $5.37B (+5.5% Y/Y) missed by $60M. Baker Hughes posted a quarterly loss compared with a profit a year ago, hit by $230 million in restructuring and impairment charges relating to the oilfield services provider's latest reorganization.
The company posted GAAP loss per share of $(0.02) for the quarter, which included $0.28 per share of adjusting items. Meanwhile, cash flows generated from operating activities…Baker Hughes Posts Q3 Earnings Miss
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