Company News: General Electric (GE) quarterly earnings beat analysts’ forecast

Market news

31 July 2019

Company News: General Electric (GE) quarterly earnings beat analysts’ forecast

General Electric (GE) reported Q2 FY 2019 earnings of $0.17 per share (versus $0.19 in Q2 FY 2018), beating analysts’ consensus estimate of $0.12.

The company’s quarterly revenues amounted to $28.831 bln (-1.1% y/y), in line with analysts’ consensus estimate of $28.833 bln.

The company also raised its FY 2019 EPS guidance to $0.55-0.65 from $0.50-0.60 (versus analysts’ consensus estimate of $0.59) and raised Industrial Segment Organic Revenue Growth to mid-single-digit growth from low- to mid-single-digit growth.

GE rose to $10.94 (+3.99%) in pre-market trading.

China’s manufacturing PMI contracts in July, albeit at a slower pace than before - ING

Canada's GDP likely to grow by 0.2% in May – TD Securities

Market Focus

Material posted here is solely for information purposes and reliance on this may lead to losses. Past performances are not a reliable indicator of future results. Please read our full disclaimer

Open Demo Account & Personal Page

Personal area

support@teletradepartners.com

Risk Warning: Trading in the financial markets (including trading on margin) provides a wide range of opportunities and enables investors ready to take risks to make high profits, but it carries a potentially high level of risk of loss. Therefore, prior to trading you should take into careful consideration whether such operations are suitable for you in terms of your level of knowledge and financial situation.