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

Market news

27 July 2021

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

General Electric (GE) reported Q2 FY 2021 earnings of $0.05 per share (versus -$0.15 per share in Q2 FY 2020), beating analysts’ consensus estimate of $0.03 per share.

The company’s quarterly revenues amounted to $18.300 bln (+3.1% y/y), beating analysts’ consensus estimate of $17.959 bln.

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

GE rose to $13.43 (+3.95%) in pre-market trading.

NZD/USD seen within 0.6920-0.7030 near term - UOB

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