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

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

General Electric (GE) Falls on Revenue Miss, But Still Plenty of Runway for the Turnaround Bull Case Says Analyst

April 27, 2021 11:40 AM EDT

Shares of General Electric (NYSE: GE) are down by 3.6% after the company reported lower-than-expected Q1 revenue.

GE reported its revenue fell by 12% to $17.12 billion in revenue to miss on the $17.5 billion estimated by analysts. On an adjusted basis, the company made a profit of $0.03 per share compared with $0.02 a year earlier, and higher than the Street consensus of $0.01.

Lawrence Culp, GE Chairman and... More