Baker Hughes Company Q2 Profit Increases, Beats Estimates

(RTTNews) - Baker Hughes Company (BKR) announced a profit for its second quarter that Increased from last year and beat the Street estimates.

The company's bottom line came in at $701 million, or $0.71 per share. This compares with $579 million, or $0.58 per share, last year.

Excluding items, Baker Hughes Company reported adjusted earnings of $623 million or $0.63 per share for the period.

Analysts on average had expected the company to earn $0.55 per share. Analysts' estimates typically exclude special items.

The company's revenue for the period fell 3.2% to $6.910 billion from $7.139 billion last year.

Baker Hughes Company earnings at a glance (GAAP) :

-Earnings: $701 Mln. vs. $579 Mln. last year. -EPS: $0.71 vs. $0.58 last year. -Revenue: $6.910 Bln vs. $7.139 Bln last year.