General Electric Company (NYSE:GE) an infrastructure and financial services provider, is reporting second quarter earnings results on Wednesday 29th July 2020, before market open.
The consensus estimates from Thomson Reuters are loss of $ 0.1 per share.
For the full year, analysts predict revenues of $ 79026.60 million, while looking forward to income of $ 0.09 per share.
The Company Outlook
Full Year 2020 bottomline are predicted in a range of $ 0.50 ~ $ 0.60 per share
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Previous Quarter Performance
General Electric Company reported income for the first quarter of $ 0.05 per share, from the revenue of $ 20,524.00 million. The quarterly earnings contracted 58.33 percent while revenues declined 24.78 percent compared with the same quarter last year.
Wall street analysts are predicting, GE to report 1Q20 income of $ 0.08 per share from revenue of $ 20211.30 million. The bottom line results missed street analysts by $ 0.03 or 37.5 percent, at the same time, top line results outshined analysts by $ 312.70 million or 1.55 percent.
Historical Earnings Performance
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Stock Performance
According to the previous trading day, closing price of GE was $ 6.89, representing a 25.73 % increase from the 52 week low of $ 5.48 and a 48.04 % decrease over the 52 week high of $ 13.26.
The company has a market capital of $ 60.27 billion and is part of the Industrials sector and Diversified Industrials industry.
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Conference Call
General Electric Company will be hosting a conference call at 8:00 AM eastern time on 29th July 2020, to discuss its 2Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.ge.com
General Electric Company operates as a high-tech industrial company worldwide. It operates in Power, Renewable Energy, Aviation, Oil & Gas, Healthcare, Transportation, Lighting, and Capital segments. The Power segment offers technologies, solutions, and services related to energy production, including gas and steam turbines, generators, and high voltage equipment; and power generation services.
