GE lifts 2021 earnings forecast, flags 'challenging' operating environment
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General Electric (GE) Stock Gains After Beating EPS and FCF Estimates, Analysts Encouraged
October 26, 2021 10:11 AM EDTShares of General Electric (NYSE: GE) are up about 3.3% in todays trading session after the company reported its Q3 results.
GE reported Q3 EPS of $0.57 to easily beat the analyst estimate of $0.43. Revenue for the quarter came in at $18.4 billion, lower than the consensus estimate of $19.25 billion. The company also reported $1.7 billion in Industrial FCF, above the consensus of $0.9 billion.
The GE team delivered another strong quarter. Orders grew, margins expanded, our overall cash performance was significantly better, and Aviation is building momentum and showing continued signs of recovery. The teams are managing through... More
