Market Overview

General Electric: Q3 Earnings Insights

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Shares of General Electric (NYSE:GE) moved higher by 6.7% in pre-market trading after the company reported Q3 results.

Quarterly Results

Earnings per share decreased 60.00% over the past year to $0.06, which beat the estimate of ($0.04).

Revenue of $19,417,000,000 decreased by 16.88% from the same period last year, which beat the estimate of $18,720,000,000.

Looking Ahead

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

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

How To Listen To The Conference Call

Date: Oct 28, 2020

Time: 08:00 AM

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

Technicals

Company's 52-week high was at $13.26

Company's 52-week low was at $5.48

Price action over last quarter: Up 21.09%

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.

 

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Posted-In: Earnings News