BUZZ-Baker Hughes gains after Q4 profit beat on natgas technology demand
ReutersJan 31, 2025 11:17 AM
Shares of oilfield technology co Baker Hughes BKR.O up 2% at $45.49 premarket
Reports Q4 adjusted profit of 70 cents per share, beating analysts' average expectation of 63 cents - LSEG
Q4 revenue of $7.4 mln beats estimates of $7.1 mln
Co increases quarterly cash dividend by 10% to 23 cents per share
Earlier on Thursday, co signed agreement with Venture Global VG.N to support its LNG projects in the U.S. with technology and equipment
President Donald Trump earlier this month said the U.S. would guarantee supplies of LNG to Europe, even amid worries that the booming export industry could boost prices of gas for U.S. consumers
22 of 27 brokerages rate stock "buy" or higher, 5 "hold"; their median PT is $50
BKR gained 20% in 2024
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