General Electric (GE) Stock Gains After Beating EPS and FCF Estimates, Analysts Encouraged
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GE lifts 2021 earnings forecast, flags 'challenging' operating environment
October 26, 2021 6:33 AM EDTBy Rajesh Kumar Singh
CHICAGO (Reuters) -General Electric Co raised its full-year earnings forecast on Tuesday after a recovery in its jet-engine business helped it report higher-than-expected quarterly profit.
The industrial conglomerate, however, said it faced a "challenging" operating environment because of global supply chain disruptions and uncertainty over whether production tax credits for onshore wind investments will be extended over the long term in U.S. President Joe Biden's infrastructure bill.
GE, like other manufacturers, is grappling with a... More
General Electric (GE) Tops Q3 EPS by 14c, Revenue Misses, Updates FY EPS Guidance
October 26, 2021 6:20 AM EDT(Updated - October 26, 2021 6:22 AM EDT)
General Electric (NYSE: GE) reported Q3 EPS of $0.57, $0.14 better than the analyst estimate of $0.43. Revenue for the quarter came in at $18.4 billion versus the consensus estimate of $19.25 billion.
GUIDANCE:
General Electric sees FY2021 EPS of... More
