Shares of GE rose as much as 5% in premarket trading from its previous close of $11.73.
"The fourth quarter marked a strong close to the year for GE. We met or exceeded our full-year financial targets and are on a positive trajectory for 2020," GE Chairman and CEO Larry Culp said in a statement.EPS: 21 cents vs. 18 cents expected according to analysts surveyed by Refnitiv.While the company's quarterly results better than anticipated, GE's 2020 earnings forecast came in below what analysts surveyed by FactSet expected.
GE forecast that industrial free cash flow, another closely watched metric, would fall between $2 billion and $4 billion in 2020.
not out of the bankruptcy woods yet though are they?
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Graco stock rises on earnings, outlook beatGraco stock rises on earnings, outlook beat Graco Inc. shares rose in the extended session Monday after the pump and spray equipment producer's quarterly...
Source: MarketWatch - 🏆 3. / 97 Read more »
Apple rises as earnings and iPhone sales smash expectationsApple easily beat expectations on revenue and earnings in its most recent report. Here's what to look for now, according to 3 experts. It's great that they keep the price of their phone so high so they can make a huge profit Earnings YOY is down. EPS is only up because of Fed-induced share buybacks. Nothing to be proud of as an Apple investor.
Source: CNBC - 🏆 12. / 72 Read more »
In the busiest earnings week of the season, these are the four must-watch stocksPrepare for an earnings avalanche this week. Two traders share which stocks are at the top of their watchlist.
Source: CNBC - 🏆 12. / 72 Read more »
What to watch today: Dow to rise, big Apple earnings and possible impeachment witnessesU.S. stock futures are pointing to a higher open despite ongoing coronavirus concerns, following Wall Street's strong Tuesday rebound. Oh, and Bibi indicted for corruption. So, so more US aid for them! Right? What to watch today: Dow to rise, big Apple earnings and possible impeachment these dudes I know
Source: CNBC - 🏆 12. / 72 Read more »