Company News: General Electric (GE) posts surprise quarterly profit

Market news

28 October 2020

Company News: General Electric (GE) posts surprise quarterly profit

General Electric (GE) reported Q3 FY 2020 earnings of $0.06 per share (versus $0.15 per share in Q3 FY 2019), beating analysts’ consensus estimate of -$0.03 per share.

The company’s quarterly revenues amounted to $19.417 bln (-16.9% y/y), beating analysts’ consensus estimate of $18.944 bln.

GE rose to $7.37 (+3.80%) in pre-market trading.

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