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

Market news

30 October 2018

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

General Electric (GE) reported Q3 FY 2018 earnings of $0.14 per share (versus $0.29 in Q3 FY 2017), missing analysts' consensus estimate of $0.20.

The company's quarterly revenues amounted to $29.573 bln (-3.6% y/y), missing analysts' consensus estimate of $30.077 bln.

The company also announced about plans to reduce its quarterly dividend by 92% from $0.12 to $0.01 per share beginning with the Board's next dividend declaration, which is expected to occur in December 2018.

GE rose to $11.36 (+1.79%) in pre-market trading.

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