div > div.group > p:first-child"> General Electric — GE issued a 2019 outlook, saying it would earn an adjusted 50 cents to 60 cents per share for 2019, compared to the 70 cents a share consensus estimate. GE CEO Larry Culp said the company's challenges are"challenging but clear" and that he expects 2020 and 2021 to be significantly better.
Dollar General — The discount retailer reported adjusted quarterly profit of $1.84 per share, 4 cents a share below estimates. Revenue, however, did beat estimates, and a comparable-store sales increase of 4.0 percent was better than the 2.6 percent increase predicted by analysts surveyed by Refinitiv. The company also increased its quarterly dividend by 10 percent to 32 cents per share, and added $1 billion to its stock buyback program.
MongoDB — MongoDB lost an adjusted 17 cents per share for its latest quarter, less than half the 38 cents a share loss that analysts had expected. The software company's revenue also beat forecasts, and it gave stronger-than-expected guidance for both the current quarter and the full year. Genesco — The apparel seller earned an adjusted $2.18 per share for its latest quarter, missing the consensus estimate of $2.33 a share. Revenue and comparable-store sales missed estimates and Genesco issued a weaker-than-expected fiscal 2020 forecast.
Tesla — Tesla will introduce its Model Y SUV today at an event near Los Angeles. Production is expected to begin sometime in 2020.
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