General Electric beats low earnings expectations as cash flow stabilizes

  • 📰 CNBC
  • ⏱ Reading Time:
  • 11 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 8%
  • Publisher: 72%

Business News News

Business Business Latest News,Business Business Headlines

General Electric is about to report earnings: Here's what to expect

Sebastien Bozon | AFP | Getty ImagesGE shares rose 1.6% in premarket trading from its previous close of $10.52 a share.EPS: 17 cents a share vs. 12 cents a share according to analysts surveyed by Refinitiv.Investors will be also looking to the company's metric of industrial free cash flow — money left over after a company pays for operating expenses and capital spending. Especially in the case of GE, industrial free cash flow is used as a gauge of efficiency.

CEO Larry Culp tempered investor expectations for this year in previous comments, as he seeks to turn GE around. The company'sDespite Culp's warnings, GE shares are up nearly 45% this year — on pace for

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

I doubt GE management is pleased with this photo!

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:

 /  🏆 12. in BUSİNESS

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.

Merck earnings beat Wall Street's expectationsMerck's second-quarter earnings and revenue easily beat Wall Street’s expectations, SquawkCNBC reports.
Source: CNBC - 🏆 12. / 72 Read more »

Apple is facing a 'low bar of expectations' but it might work in the company's favorAnalysts say low expectations give Apple room to overachieve, even after two straight quarters of year-over-year revenue decline. That's why each year so many companies best. Low bar of expectations from the investment firms (the street). These investment firms want to see these stock prices increase.
Source: CNBC - 🏆 12. / 72 Read more »