News Snapshot:
Oilfield services and equipment firm Baker Hughes (BKR) missed its fourth-quarter earnings and revenue targets Monday, but painted a rosy picture for the 2023 oil market, even as the global economy could face headwinds. Baker Hughes stock advanced early. X Earnings Estimates: Analysts predicted EPS growing 60% to 40 cents while revenue was expected to edge up 10% to $6.06 billion. Earnings: Baker Hughes reported revenue growing 8% to $5.9 billion in Q4. Earnings increased 52% to 38 cents per share. Orders totaled $8 billion for the quarter, up 32% compared to Q3 and up 20% year-over-year. For the full...
