Stock Market Update
27-Jul-26 11:00 ET
Baker Hughes moves higher after earnings
Dow +275.02
at 52222.27,
Nasdaq -9.93
at 24986.90,
S&P +9.01
at 7420.99
[BRIEFING.COM] The major averages continue to trade in a mixed fashion.
Baker Hughes (BKR 61.26, +4.02, +7.01%) is trading sharply higher after delivering Q2 adjusted EPS of $0.64 versus the $0.58 FactSet consensus and pairing the report with a major LNG technology award for Venture Global's CP2 expansion that was booked during the quarter. Investors are looking past the revenue miss of $6.74 billion versus $7.08 billion because stronger margins, favorable business mix, robust order activity, record backlog, and healthy cash flow reinforced the company's transition toward higher-quality Industrial & Energy Technology earnings, even as management acknowledged ongoing upstream market headwinds.
