General Electric (GE) Misses Q1 EPS by 3c, Withdraws Outlook

General Electric (NYSE: GE) reported Q1 EPS of $0.05, $0.03 worse than the analyst estimate of $0.08. Revenue for the quarter came in at $20.52 billion versus the consensus estimate of $20.23 billion.

• Given the evolving nature of the COVID-19 pandemic, at this time, GE cannot forecast with reasonable accuracy the full duration, magnitude, and pace of recovery across our end markets, operations, and supply chains. As a result, on April 9, 2020, GE withdrew its guidance for 2020.

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