So if they lost 84 cents per share this quarter, where is the money coming from to pay an 18 cent quarterly dividend and Lorenzos 14 million per annum salary? Nothing seems to add up here.
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You do realise non gaap figures are largely meaningless and the actual eps figure was a $0.84 loss right? But you’d have known that if you understood the financial results
A lot of critical comment in the press about poor management performance compared to hal & slb. Commentators suggest a merger or fire the management. more smoke and mirrors might help.
do you people actually know what you're doing?
At some point (and that day is rapidly approaching) Baker Hughes will consist of a SLT and accountants. Then you can brag till the cows come home about the quality of earnings and how it’s reported, because by then it will not matter, because by then the receivers will be doing the final accounts, before the book is closed. Having a consistent way of recognizing revenue may have helped through the last couple of years issues, but here it’s one excuse after another. Has the company been spectacularly unlucky in dealing with the same issues the other two service companies have had to deal with or is it simply not at the races?
$0.11 EPS is derived from non-GAAP measures if you read and understand your company's financial results.