Baker Hughes (NASDAQ:BKR) Posts Quarterly Earnings Results, Beats Expectations By $0.03 EPS

Baker Hughes (NASDAQ:BKR) Posts Quarterly Earnings Results, Beats Expectations By $0.03 EPS

Baker Hughes (NASDAQ:BKR - Get Free Report) released its quarterly earnings results on Tuesday. The company reported $0.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.48 by $0.03. Baker Hughes had a net margin of 10.70% and a return on equity of 14.58%.

Baker Hughes booked $1.7 billion in US LNG orders over past two quarters

“In the US, the repeal of the LNG permitting moratorium and the Administration’s stated goal of increasing US LNG exports has led to an improvement in orders for US LNG projects,” Simonelli said during the first-quarter earnings call on Wednesday. Simonelli said that Baker Hughes secured $510 million in LNG equipment orders in the first quarter of this year. “We secured an order for a liquefaction train in North America. We will provide four mai…