GE shares rise after earnings top expectations
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.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
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...
Baca lebih lajut »
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.
Baca lebih lajut »
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.
Baca lebih lajut »
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.
Baca lebih lajut »
Santander posts profit beat amid rise in customers and stronger capital positionSantander posted a 35% increase in net income for the fourth quarter of 2019, beating market expectations, supported by a rise in its customer base.
Baca lebih lajut »
UK shares rise for second straight day; Avast slidesUK shares continued their rebound, albeit in subdued trading, after a steep sell...
Baca lebih lajut »