NasdaqGS:BKREnergy Services
Baker Hughes (BKR) Stock Gains Credibility With Record Orders And Cash
Baker Hughes arrived at this earnings print with investors already betting on a turnaround story in energy equipment and services. The stock was flat to slightly higher over the past month, then jumped 5.8% to US$60.59 after the release. That move reflects a simple headline: record orders and cash generation outweighed a softer quarterly earnings per share print.
The market reaction hinges on one thing: Industrial and Energy Technology bookings hit US$7.1b in the quarter and helped drive free...