Key PointsShares of GE are down slightly as weak guidance overshadowed a double beat in the company's fourth-quarter earnings report. The next quarter will likely be the last quarter that GE reports before spinning off its Verdana power-generation business.  GE stock looks fairly valued, but investors can look at any dip as a buying opportunity ahead of the split.  5 stocks we like better than General ElectricShares of GE NYSE: GE are down about 1.5% in midday trading after the company reported earnings. Th ...

With the earnings season now in full force, valuable data to gauge the broader economy will be rolling in.Below, I will share three stocks that posted earnings beats this morning, and that I think may be appealing additions to many investors’ portfolios.General Electric In 2023 General Electric (GE)  stock recorded one of its best performances in modern history gaining 60% in the year. General Electric also enjoys a Zacks Rank #2 (Buy) rating reflecting upward trending earnings revisions. Following the high ...

General Electric Company (GE) reported fourth-quarter 2023 adjusted earnings of $1.03 per share, which beat the Zacks Consensus Estimate of adjusted earnings of 90 cents per share. However, the bottom line decreased 16.9% year over year.Total segment revenues of $18,518 million beat the consensus estimate of $17,767 million. The top line increased 15.3% year over year.Segmental DiscussionGE started reporting its revenues under two segments, effective from the first quarter of 2023, namely GE Aerospace and G ...

Key TakeawaysGE reported better-than-expected fourth-quarter earnings.Revenue grew 15% to $19.42 billion, hurt a little by a slowdown in aerospace revenue growth compared to previous quarters.GE's guidance for the first quarter of 2024 said the company "expects to deliver high-single-digit revenue growth" with earnings per share between $0.60 and $0.65.The company is working to spin off its renewables company by early April.Shares of General Electric Co. (GE) fell during pre-market trading and Tuesday morni ...

Rolls-Royce Holdings PLC (LSE:RR.) was the biggest FTSE 100 faller today, sliding on the back of a weak outlook from General Electric for the first quarter of 2024. Shares dipped 2.3% to 301.8p, having risen over 170% over the past 12 months, as GE’s first-quarter profit forecast for the combined operations fell short of Wall Street estimates. The company's predicted earnings per share of 60 to 65 cents a share was below the 70-cent average of analyst estimates compiled by Bloomberg. Results from London-lis ...

General Electric (NYSE:GE) Q4 2023 Earnings Conference Call January 23, 2024 7:30 AM ET Company Participants Steve Winoker - Vice President, Investor Relations Larry Culp - Chairman and Chief Executive Officer, GE Aerospace Rahul Ghai - Senior Vice President and Chief Financial Officer, GE Aerospace Scott Strazik - Chief Executive Officer, GE Vernova Conference Call Participants Myles Walton - Wolfe Research Joe Ritchie - Goldman Sachs Ken Herbert - RBC Capital Markets Julian Mitchell - Barclays Sheila Kahy ...

General Electric (GE) reported $18.52 billion in revenue for the quarter ended December 2023, representing a year-over-year decline of 15%. EPS of $1.03 for the same period compares to $1.24 a year ago.The reported revenue represents a surprise of +4.22% over the Zacks Consensus Estimate of $17.77 billion. With the consensus EPS estimate being $0.90, the EPS surprise was +14.44%.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall S ...

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 ...