Baker Hughes falls short of Q4 earnings guidance

(This material was produced in Gdansk for the Reuters news service in Russia, where the law restricts coverage of the Russian special military operation in Ukraine)

Jan 23 (Reuters) – Oilfield services company Baker Hughes Co reported lower-than-expected fourth-quarter earnings on Monday due to component shortages, supply chain inflation and disruptions caused by Russia’s “special operation” in Ukraine.

Adjusted net income was $381 million, or 38 cents per share, for the three months ended Dec. 31, compared with analysts’ average estimate of 40 cents per share, according to Refinitiv data.

The original message in English is available at the code: (Arunima Kumar in Bangalore, translated by Tomas Kanik)


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