Company News: General Electric (GE) reports bigger-than-forecast quarterly loss

Market news

29 July 2020

Company News: General Electric (GE) reports bigger-than-forecast quarterly loss

General Electric (GE) reported Q2 FY 2020 loss of $0.15 per share (versus earnings of $0.17 per share in Q2 FY 2019), worse than analysts’ consensus estimate of -$0.09 per share.

The company’s quarterly revenues amounted to $17.750 bln (-38.4% y/y), beating analysts’ consensus estimate of $17.269 bln.

GE rose to $7.02 (+1.89%) in pre-market trading.

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