Company News: General Electric (GE) quarterly results beat analysts’ estimates

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21 April 2017

Company News: General Electric (GE) quarterly results beat analysts’ estimates

General Electric (GE) reported Q1 FY 2017 earnings of $0.21 per share (versus $0.21 in Q1 FY 2016), beating analysts' consensus estimate of $0.17.

The company's quarterly revenues amounted to $27.660 bln (-0.7% y/y), beating analysts' consensus estimate of $26.371 bln.

The company also reaffirmed guidance for FY 2017, projecting EPS of $1.60-1.70 versus analysts' consensus estimate of $1.63.

rose to $30.45 (+0.59%) in pre-market trading.

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