Company News: General Electric (GE) quarterly earnings miss analysts’ estimate

Market news

26 January 2021

Company News: General Electric (GE) quarterly earnings miss analysts’ estimate

General Electric (GE) reported Q4 FY 2020 earnings of $0.08 per share (versus $0.21 per share in Q4 FY 2019), missing analysts’ consensus estimate of $0.09 per share.

The company’s quarterly revenues amounted to $21.928 bln (-16.4% y/y), beating analysts’ consensus estimate of $21.620 bln.

The company also issued downside guidance for FY 2021, projecting EPS of $0.15-0.25 versus analysts’ consensus estimate of $0.38.

GE rose to $11.73 (+6.73%) in pre-market trading.

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