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

Market news

20 July 2018

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

General Electric (GE) reported Q2 FY 2018 earnings of $0.19 per share (versus $0.21 in Q2 FY 2017), beating analysts' consensus estimate of $0.17.

The company's quarterly revenues amounted to $30.104 bln (+3.5% y/y), beating analysts' consensus estimate of $29.393 bln.

The company also reaffirmed guidance for FY 2018, projecting EPS of $1.00-1.07versus analysts' consensus estimate of $0.94.

GE rose to $13.92 (+1.38%) in pre-market trading.

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