Company News: General Electric (GE) Q4 Earnings Beat Analysts’ Estimate

Market news

22 January 2016

Company News: General Electric (GE) Q4 Earnings Beat Analysts’ Estimate

General Electric reported Q4 FY 2015 earnings of $0.52 per share (versus $0.56 in Q4 FY 2014), beating analysts' consensus of $0.49.

The company's quarterly revenues amounted to $33.839 bln (+1.2% y/y), missing consensus estimate of $35.907 bln.

General Electric reaffirmed guidance for FY 2016, projecting EPS of $1.45-1.55 (versus analysts' consensus estimate of $1.49), cash generation of $30-32 bln, and $26 bln returned to investors.

GE fell to $28.32 (-0.94%) in pre-market trading.

European Central Bank Governing Council member Ewald Nowotny: the central bank will review its stimulus measures and examine which tools it could use to boost inflation in the Eurozone

Foreign exchange market. European session: the euro traded lower against the U.S. dollar after the mostly weaker-than-expected PMIs from the Eurozone

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