Baker Hughes Company (NASDAQ:BKR) will release earnings for its first quarter after the closing bell on Thursday, April 23.
Analysts expect the Houston, Texas-based company to report quarterly earnings of 49 cents per share, down from 51 cents per share in the year-ago period. The consensus estimate for Baker Hughes quarterly revenue is $6.33 billion (it reported $6.43 billion last year), according to Benzinga Pro.
On April 13, the company agreed to sell its Waygate Technologies business to Hexagon (OTC:HXGBY) in an all-cash transaction valued at approximately $1.45 billion.
Baker Hughes shares gained 3.8% to close at $62.54 on Wednesday.
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