Investing.com - Baker Hughes reported second 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 $5.05B. Analysts polled by Investing.com expected EPS of $0.2173 on revenue of $5.34B. .
For the year, Baker Hughes shares are up 17.29%, outperforming the Nasdaq which is down 25.13% year to date.
Baker Hughes follows other major Energy sector earnings this month
On Tuesday, Halliburton reported second quarter EPS of $0.49 on revenue of $5.07B, compared to forecasts of EPS of $0.4468 on revenue of $4.71B.
Tsakos Energy earnings beat analyst's expectations on June 30, with second quarter EPS of $-0.12 on revenue of $101.5M. Investing.com analysts expected EPS of $-0.225 on revenue of $115.3M (NYSE:MMM)
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