Investing.com - Baker Hughes reported first quarter earnings that missed analysts' expectations on Wednesday and revenue that fell short of forecasts.
The firm reported earnings per share of $0.15 on revenue of $4.84B. Analysts polled by Investing.com expected EPS of $0.1986 on revenue of $5.04B. .
For the year, Baker Hughes shares are up 52.7%, outperforming the Nasdaq which is down 12.95% year to date.
Baker Hughes follows other major Energy sector earnings this month
On Tuesday, Halliburton reported first quarter EPS of $0.35 on revenue of $4.28B, compared to forecasts of EPS of $0.3418 on revenue of $4.2B.
BP Midstream Partners earnings beat analyst's expectations on March 31, with first quarter EPS of $0.35 on revenue of $31M. Investing.com analysts expected EPS of $0.3487 on revenue of $30.93M
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