General Electric (GE) Tops Q1 EPS by 2c, Maintains FY Guidance

General Electric (NYSE: GE) reported Q1 EPS of $0.03, $0.02 better than the analyst estimate of $0.01. Revenue for the quarter came in at $17.1 billion versus the consensus estimate of $17.52 billion.

GUIDANCE:

General Electric sees FY2021 EPS of $0.15-$0.25, versus the consensus of $0.24.

GE reiterated its total company outlook for full-year 2021:
•GE Industrial revenues* to grow organically in the low-single-digit range.
•Adjusted GE Industrial profit margin* to expand organically by 250-plus basis points.
•Adjusted earnings per share* of $0.15 to $0.25.
•GE Industrial free cash flow* of $2.5 billion to $4.5 billion.

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

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