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Baker Hughes Q2 Adjusted Earnings Rise, Revenue Falls; Shares Up Pre-Bell

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Baker Hughes (BKR) reported Q2 adjusted earnings Sunday of $0.64 per diluted share, up from $0.63 a year earlier.

Analysts polled by FactSet expected $0.49.

Revenue for the quarter ended June 30 was $6.74 billion, down from $6.91 billion a year earlier.

Analysts polled by FactSet expected $6.51 billion.

Baker Hughes also maintained its quarterly dividend at $0.23 per share, payable on Aug. 17 to holders of record on Aug. 7.

Shares of the company were up over 2% in Monday's premarket activity.

Price: $58.54, Change: $+1.29, Percent Change: +2.25%

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