General Electric: Q2 Earnings Insights

Shares of General Electric GE moved higher by 1.6% in pre-market trading after the company reported Q2 results.

Quarterly Results

Earnings per share were down 188.24% over the past year to ($0.15), which missed the estimate of ($0.10).

Revenue of $17,750,000,000 decreased by 38.43% from the same period last year, which beat the estimate of $17,120,000,000.

Looking Ahead

Earnings guidance hasn't been issued by the company for now.

General Electric hasn't issued any revenue guidance for the time being.

How To Listen To The Conference Call

Date: Jul 29, 2020

Time: 08:00 AM

ET Webcast URL: https://edge.media-server.com/mmc/p/qkodbbyp

Price Action

Company's 52-week high was at $13.26

52-week low: $5.48

Price action over last quarter: Up 3.24%

Company Profile

With historical ties to inventor Thomas Edison, General Electric was formed through the combination of two companies in 1892. Today, GE is known for its digital industrial offerings and massive installed base spread across a variety of products and services, including aircraft engines, gas turbines, wind turbines, and medical diagnostic equipment, among others. After the sale of GE Transportation to Wabtec and a majority of its stake in Baker Hughes, as well as the sale of GE Biopharma to Danaher, the company's focus turns to Aviation, legacy Healthcare, Power, and Renewable Energy. The company continues to embark on a multiyear turnaround under the lean manufacturing expertise of former Danaher CEO H. Lawrence Culp, who has slowly started to shift GE's culture in a positive direction.