Baker Hughes Co. on Jan. 22 reported fourth-quarter 2019 adjusted net income attributable to the company of $179 million, or 27 cents per share, rising from $120 million, or 26 cents per share, in the fourth quarter of 2018.
The S&P Global Market Intelligence consensus normalized EPS estimate for the fourth quarter of 2019 was 31 cents.
Net income attributable to Baker Hughes amounted to $48 million, down from $131 million in the year-ago quarter.
The oilfield services company posted fourth-quarter 2019 revenue of $6.35 billion, an increase from $6.26 billion in the same quarter a year ago.
Baker Hughes booked $6.94 billion in orders for the quarter, higher than the year-ago quarter's $6.88 billion. The company credited the improvement to "strong" orders in the turbomachinery and process solutions and oilfield equipment segments.
For the full year 2019, Baker Hughes reported net income attributable to the company of $128 million, or 23 cents per share, falling from $195 million, or 45 cents per share, in 2018. The S&P Global Market Intelligence consensus GAAP EPS estimate for 2019 was 89 cents.
2019 revenue amounted to $23.84 billion, up from $22.88 billion in 2018.