General Electric Company GE shares closed Tuesday afternoon's trading session down 0.02 percent at $28.48, with after hours trading down an additional $0.53. The company will report its Q4 and 2015 earnings results on January 22, 2016.
General Electric has made recent moves that come just in time.
Alstom Acquisition
Last November, the company acquired Alstom, a French turbine maker, for $10.6 billion. The acquisition led to General Electric liquidating much of the company's capital assets. The company also secured a $1 billion contract to develop a power plant in Saudi Arabia.
Last Wednesday, General Electric announced the company will cut 6,500 jobs in Switzerland, Germany and France. The expected job cuts follow the company's completed $10.3 billion acquisition of Alstom SA's power business and a push forward with cost savings from the acquisition. The remaining job reductions will be conducted throughout Europe.
For investors, the company has promised it will slash an estimated $3 billion in annual costs out of the combined operation by 2020.
Expectations
General Electric expects to report $35.9 billion in revenue and earnings of 50 cents a share on Friday.
The company last recorded revenue of $31.7 billion and earnings per share of $0.25. For investors, the divestiture of General Electric capital units may be an improvement to its earnings. With the divestiture of many of its units, the company will make effort to reduce its tracks associated with its increasingly risky financial business.
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