General Electric Co shares fell on Tuesday after the company flagged a lower-than-expected profit in the current quarter after fourth-quarter earnings topped forecasts on strong demand for parts and services at its jet engine business. The Boston, Massachusetts-based company expects an adjusted profit of 60-65 cents a share in the quarter through March compared with 72 cents a share expected by analysts in a LSEG survey.General Electric's shares were down about 4% in pre-market trade. Ticker Security Last C ...

Follow Invezz on Telegram , Twitter , and Google News for instant updates >General Electric on January 23 reported a 0.9% per cent rise in its December quarter profit margin (GAAP) as earnings from total orders rose.The group registered a profit margin of 10.3% and an adjusted profit margin of 9.6%. Total orders came in at $21.7 bn and rose by 8%.Consolidated revenue increased to $19.4 bn, or by 15%, while adjusted revenues for the quarter grew to $18.5 or by 13%.The continuing EPS (GAAP) was at $1.44 in t ...

About this content About Jeremy Cutler Jeremy has worked extensively in the world of financial journalism as a reporter at ICV News, deputy editor at S&P Marketscope and as a senior reporter for Thomson Financial’s Marketeye.  A qualified accountant, former finance director and with a degree in Economics, Jeremy is well placed to analyse and explain the ups and downs of UK, European and US stockmarkets in Proactive’s daily market report Read more About the publisher Proactive financial news and online br ...

GE fourth quarter & full year 2023 performance Financial results & company highlights January 23, 2024 CAUTION CONCERNING FORWARD-LOOKING STATEMENTS: This document contains "forward-looking statements" – that is, statements related to future events that by their nature address matters that are, to different degrees, uncertain. For details on the uncertainties that may cause our actual future results to be materially different than those expressed in our forward-looking statements, see https://www.ge.com/inv ...

Shares of General Electric Co. GE, +1.09% slumped 2.7% in premarket trading Tuesday, after the aerospace, power and renewable energy company reported fourth-quarter earnings that beat expectations, but provided a downbeat outlook. Net income fell to $1.59 billion, or $1.45 a share, from $2.10 billion, or $1.90 a share, in the year-ago period. Excluding nonrecurring items, adjusted earnings per share of $1.03 beat the FactSet consensus of 90 cents. Total revenue grew 15.4% to $19.42 billion, well above the ...

General Electric Co. is scheduled report fourth-quarter results before the market opens on Tuesday, which could be the last report before the final breakup of the 150-year-old company.GE’s stock GE, +1.07% has been on fire leading up to the latest results. After having its best year on record in 2023, the stock is up another 3.1% year to date through Monday afternoon, to outperform the S&P 500 index’s SPX 1.7% gain.Helping fuel the gains, the stock has rallied on the day that the past two quarterly reports ...

General Electric (GE 0.98%) is up nearly 60% over the last year, so is it time for existing investors to take profits and potential new investors to take a pass on buying the stock? It would be best if you looked at the company's prospects in 2024 to answer that question. Here's the lowdown on what investors might expect from the company this year.General Electric remains an attractive stockIt will be a year of execution and change for GE. The change comes from the planned spinoff of GE Vernova (encompassin ...

General Electric Company (GE) is scheduled to report fourth-quarter 2023 results on Jan 23, before market open.The Zacks Consensus Estimate for the company’s fourth-quarter earnings has decreased by a penny in the past 60 days. However, the company has an impressive earnings surprise history, having outperformed the consensus estimate in each of the preceding four quarters, the average beat being 53.4%.Let’s see how things are shaping up for General Electric this earnings season.Factors to NoteRobust commer ...

The Q4 earnings season will pick up with a few notable top-ranked Zacks stocks set to release their quarterly results next Tuesday, January 23.Three stocks stand out in particular and now looks like a good time to invest in these familiar names as they continue to be sound long-term investments.Steel Dynamics (STLD) Leading steel producer Steel Dynamics covets a Zacks Rank #1 (Strong Buy) ahead of its Q4 report next week as rising earnings estimates help justify that STLD shares are undervalued. Steel Dynam ...

General Electric Analyst Estimates for Q4 2023 Analyst Estimates for Q4 2023Q3 2023Q4 2022Revenue$17.8 billion$17.3 billion$21.8 billionDiluted Earnings Per Share ($)$0.88$0.23$1.79Net Income $915.2 million$258.0 million$1.99 billionSource: Visible Alpha Key Metric Investors should watch revenue figures for GE's core Aerospace division, which has posted several straight quarters of sales growth above 20%. When GE completes the spinoff of its energy arm as GE Vernova at the beginning of the second quarter ...