Company News: General Electric (GE) Q1 Earnings Beat Analysts’ Expectations

Market news

22 April 2016

Company News: General Electric (GE) Q1 Earnings Beat Analysts’ Expectations

General Electric reported Q1 FY 2016 earnings of $0.21 per share (versus $0.31 in Q1 FY 2015), beating analysts' consensus of $0.19.

The company's quarterly revenues amounted to $27.597 bln (+6.4% y/y), missing consensus estimate of $27.966 bln.

General Electric reaffirmed guidance for FY 2016, projecting EPS of $1.45-1.55 (versus analysts' consensus estimate of $1.50).

GE fell to $30.60 (-1.23%) in pre-market trading.

Company News: Caterpillar (CAT) Q1 Earnings Miss Analysts’ Forecasts

WSE: Mid session comment

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