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

Market news

30 October 2019

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

General Electric (GE) reported Q3 FY 2019 earnings of $0.15 per share (versus $0.14 in Q3 FY 2018), beating analysts’ consensus estimate of $0.12.

The company’s quarterly revenues amounted to $23.360 bln (-0.1% y/y), beating analysts’ consensus estimate of $2.932 bln.

The company also reaffirmed its FY 2019 EPS guidance at $0.55-0.65 versus analysts’ consensus estimate of $0.60.

GE rose to $9.50 (+4.74%) in pre-market trading.

U.S. GDP likely to print 2.0% for Q3 – TDS

BoC expected to keep rates unchanged – TDS

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