Investing.com - Baker Hughes A (NYSE:BKR) reported first quarter earnings that missed analysts' expectations on Wednesday and revenue that fell short of forecasts.
The firm reported earnings per share of $0.11 on revenue of $5.43B. Analysts polled by Investing.com forecast EPS of $0.12 on revenue of $5.65B. That compared to EPS of $0.15 on revenue of $5.62B in the same period a year earlier. The company had reported EPS of $0.27 on revenue of $6.35B in the previous quarter.
For the year, Baker Hughes A shares are down 50.25%, under-performing the S&P 500 which is down 15.66% year to date.
Baker Hughes A follows other major Energy sector earnings this month
On Friday, Schlumberger reported first quarter EPS of $0.25 on revenue of $7.46B, compared to forecasts of EPS of $0.25 on revenue of $7.53B.
Tatneft ADR earnings missed analyst's expectations on March 31, with first quarter EPS of $2.5 on revenue of $3.08B. Investing.com analysts expected EPS of $3.34 on revenue of $4.26B
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