Company News: General Electric (GE) quarterly earnings miss analysts’ estimate

Market news

20 October 2017

Company News: General Electric (GE) quarterly earnings miss analysts’ estimate

General Electric (GE) reported Q3 FY 2017 earnings of $0.29 per share (versus $0.32 in Q3 FY 2016), missing analysts' consensus estimate of $0.49.

The company's quarterly revenues amounted to $33.470 bln (+11.5% y/y), beating analysts' consensus estimate of $32.505 bln.

The company also issued downside guidance for FY2017, projecting EPS of $1.05-1.10, compared to prior $1.60-1.70 and analysts' consensus estimate of $1.53.

GE fell to 21.94 (-6.95%) in pre-market trading.

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