Company News: General Electric (GE) quarterly earnings beat analysts’ forecast

Noticias del mercado

31 julio 2019

Company News: General Electric (GE) quarterly earnings beat analysts’ forecast

General Electric (GE) reported Q2 FY 2019 earnings of $0.17 per share (versus $0.19 in Q2 FY 2018), beating analysts’ consensus estimate of $0.12.

The company’s quarterly revenues amounted to $28.831 bln (-1.1% y/y), in line with analysts’ consensus estimate of $28.833 bln.

The company also raised its FY 2019 EPS guidance to $0.55-0.65 from $0.50-0.60 (versus analysts’ consensus estimate of $0.59) and raised Industrial Segment Organic Revenue Growth to mid-single-digit growth from low- to mid-single-digit growth.

GE rose to $10.94 (+3.99%) in pre-market trading.

China’s manufacturing PMI contracts in July, albeit at a slower pace than before - ING

Canada's GDP likely to grow by 0.2% in May – TD Securities

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