General Electric Co. (GE) has just announced that its first-quarter earnings fell 32% to $1.87 billion, or 17 cents a share, and revenue fell 5% to $36.61 billion. From continuing operations it earned 21 cents a share, compared to estimates of earnings of 17 cents a share on revenue of $37.3 billion. Its financial arm, GE Capital, saw its profit drop 41% to $607 million as revenue fell 10%.
The company said it may evaluate additional restructuring that will improve earnings power going forward.
Showing posts with label General Electric. Show all posts
Showing posts with label General Electric. Show all posts
Friday, April 16, 2010
Sunday, January 17, 2010
Earnings in full flow this week
Lots of interesting U.S. financial stock earnings this week kicking off with Citigroup on Tuesday (U.S. market closed Monday), followed by Goldman Sachs and Morgan Stanley later in the week. IBM and Google as well as Advanced Micro Devices are key technology stocks in focus for earnings. General Electric and McDonalds should also influence sentiment.
In the U.K. Land Securities should give further information on the state of the commercial property market and Taylor Wimpey on residential property.
In the U.K. Land Securities should give further information on the state of the commercial property market and Taylor Wimpey on residential property.
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