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

Market news

20 April 2018

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

General Electric (GE) reported Q1 FY 2018 earnings of $0.16 per share (versus $0.21 in Q1 FY 2017), beating analysts' consensus estimate of $0.11.

The company's quarterly revenues amounted to $28.660 bln (+6.6% y/y), beating analysts' consensus estimate of $27.260 bln.

The company also reaffirmed guidance for FY 2018, projecting EPS of $1.00-1.07 versus analysts' consensus estimate of $0.95.

GE rose to $14.77 (5.58%) in pre-market trading.

Canada: Consumer Price Index m / m, March 0.3% (forecast 0.4%)

BoE's Saunders says annual growth over next year or two will remain at 1.5-2.0 pct, marginally above potential

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