Company News: General Electric (GE) posts mixed quarterly results

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27 April 2021

Company News: General Electric (GE) posts mixed quarterly results

General Electric (GE) reported Q1 FY 2021 earnings of $0.03 per share (versus -$0.05 per share in Q1 FY 2020), beating analysts’ consensus estimate of $0.01 per share.

The company’s quarterly revenues amounted to $17.117 bln (-16.6% y/y), missing analysts’ consensus estimate of $17.656 bln.

The company also issued in-line guidance for FY 2021, projecting EPS of $0.15-0.25 versus analysts’ consensus estimate of $0.24.

GE fell to $13.20 (-2.73%) in pre-market trading.

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