General Electric (GE) Posts Large Q4 Loss, Revenues Miss

(Updated - January 24, 2018 7:01 AM EST)

General Electric (NYSE: GE) reported Q4 loss from Industrial operating + Verticals EPS of ($1.23) per share, or adjusted Industrial/GEC verticals operating EPS of $0.27, versus the analyst estimate of $0.29. Revenue for the quarter came in at $31.4 million versus the consensus estimate of $34.06 million.

GE Chairman and CEO John Flannery said, “In the fourth quarter, EPS was at the low-end of guidance, excluding insurance-related items, U.S. tax reform, and industrial portfolio actions. Cash performance was above expectations and our visibility and execution on cash is improving. Aviation and Healthcare had strong performances in the quarter. Power was down significantly and we expect market challenges to continue. Our results this quarter demonstrate some of the early progress we are seeing from our key initiatives. The team is focused on operational execution, capital allocation and deep cost reduction to position us for continued improvement in 2018.”

GUIDANCE:

General Electric sees FY2018 EPS of $1.00-$1.07, versus the consensus of $1.06.

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

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