Baker Hughes Tops Profit Estimates Despite Middle East Hit
Strong demand for energy technology and data center infrastructure helped the company exceed quarterly expectations. Regional disruptions weighed on drilling.
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BAKER HUGHES CO exceeded Wall Street expectations for its first-quarter financial performance, leveraging a surge in demand for industrial and energy technology to counteract operational headwinds in the Middle East. The company reported an adjusted profit of 58 cents per share for the period ending March 31, significantly outperforming the 49 cents per share projected by analysts.
