Baker Hughes Company (NASDAQ:BKR) stock rose in premarket trading Monday after the oilfield services company reported second-quarter results that topped Wall Street expectations.
The company reported adjusted earnings of 64 cents per share, beating the consensus estimate of 50 cents.
Revenue came in at $6.74 billion, above analysts' expectations of $6.52 billion.
CEO Lorenzo Simonelli said demand remains strong across data centers, gas infrastructure and upstream markets, while noting that energy security and increasing power needs are driving investment across both energy and industrial value chains.
The company also highlighted record Industrial & Energy Technology orders, driven by power generation and LNG demand, and raised its long-term order outlook, reinforcing management's confidence that AI-related power demand and global energy infrastructure spending will continue to fuel growth.
