Baker Hughes reports Q2 adjusted EPS 63c, consensus 55c

Reports Q2 revenue $6.9B, consensus $6.63B. “We delivered strong second-quarter results, with total adjusted EBITDA margins increasing 170 basis points year-over-year to 17.5% despite a modest decline in revenue. This performance reflects the benefits of structural cost improvements and continued deployment of our business system, which is driving higher productivity, stronger operating leverage and more durable earnings across the company,” said Lorenzo Simonelli, Baker Hughes (BKR) Chairman and Chief Executive Officer.