General Electric (GE) Tops Q2 EPS by 3c, Revenues Beat

(Updated - July 21, 2017 6:37 AM EDT)

General Electric (NYSE: GE) reported Q2 EPS of $0.28, $0.03 better than the analyst estimate of $0.25. Revenue for the quarter came in at $29.6 billion versus the consensus estimate of $29.02 billion.

"GE’s portfolio enables us to execute in a slow-growth, volatile environment, with Industrial segment organic revenues* +2% and orders +6%. We delivered $0.28 of Industrial operating + Verticals earnings per share* and reported Industrial operating margin* +10 bps. GE’s Industrial CFOA*-b) for the second quarter was $1.5 billion, significantly better than first quarter and better than second quarter last year. We expect cash flow to continue to improve throughout the year. We’ve reduced our Industrial structural costs* year to date by $670 million and we are on track to meet or exceed our $1 billion cost reduction target for the year. The global scale of the Company, along with our ability to innovate industry-leading products and services, will help us navigate the current environment and unlock productivity across our businesses and markets." Jeff Immelt, Chairman and CEO, said.

For earnings history and earnings-related data on General Electric (GE) click here.

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