Baker Hughes: General Electric Overhang Is Too Risky To Ignore

Seeking Alpha | Jul 15, 2019 at 3:42 PM
  • Analysts expect revenue of $5.81 billion and EPS of $0.19.
  • Its financial problems could remove supply in the oil patch in the short-term and potentially improve pricing for oil service firms that remain.
  • Total revenue from these long-cycle businesses fell by double digits Q/Q and could remain flat to declining until E&P returns to deepwater.