General Electric (GE) beats Q4 estimates but shares tumble 7% on soft guidance

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Go back to General Electric (GE) beats Q4 estimates but shares tumble 7% on soft guidance

Deutsche Bank on General Electric (GE): 'expect the stock to open down'

January 23, 2024 7:39 AM EST

Deutsche Bank analyst Scott Deuschle reiterated a Buy rating and $165.00 price target on General Electric (NYSE: GE).

The analyst comments "GE reported 4Q23 results with revenue, segment EBIT, EPS, FCF all ABOVE Street, albeit with Aerospace revenue/EBIT slightly BELOW. The company... More

Goldman Sachs Defending General Electric (GE): 'we would buy the dip'

January 23, 2024 7:38 AM EST

Goldman Sachs analyst Joe Ritchie reiterated a Buy rating and $155.00 price target on General Electric (NYSE: GE).

The analyst comments "Bottom line: Strong beat, 2024 outlook inline. GE ended the year on a strong note, posting a 9% segment EBIT beat vs. FS consensus expectations driven... More

General Electric (GE) Tops Q4 EPS by 14c, Beats on Revenue; Offers Guidance

January 23, 2024 6:23 AM EST

(Updated - January 23, 2024 6:25 AM EST)

General Electric (NYSE: GE) reported Q4 EPS of $1.03, $0.14 better than the analyst estimate of $0.89. Revenue for the quarter came in at $19.4 billion versus the consensus estimate of $17.16 billion.

For the first quarter of 2024, GE expects to deliver... More