Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  Equities  >  Nyse  >  General Electric Company    GE

GENERAL ELECTRIC COMPANY (GE)
Mes dernières consult.
Most popular
Report
Delayed Quote. Delayed  - 01/19 08:03:59 pm
16.2631 USD   -3.02%
07:25p General Electric shares drop for fifth straight session
05:44p GENERAL ELECTRI : The 5 Coolest Things On Earth This Week
04:22p DOW MOVERS : Ibm, nke
SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector newsTweets

General Electric : GE shares fall on industrial business worry though profit beats

share with twitter share with LinkedIn share with facebook
share via e-mail
0
04/21/2017 | 05:31pm CET
The logo of a General Electric facility is seen behind tree branches in Medford

General Electric Co reported quarterly sales and adjusted earnings results that beat analysts estimates on Friday, but its shares fell on concerns about some of its industrial businesses.

The maker of jet engines, power plants and other industrial equipment also reported a negative $1.6 billion (1.25 billion pounds) in cash flow from industrial operating activities compared with a negative $600 million it expected for the quarter due to a $1.3 billion increase in working capital and the timing of bills to customers.

Investors have been watching cash flow as an indicator of GE's operating performance, and GE said it still expects to hit its cash target of $12 billion to $14 billion for the full year.

Shares were down 1.7 percent at $29.75 in mid-morning trading, making it the biggest decliner on the Dow Jones Industrial Average.

The stock has outperformed the sector in recent weeks and that could make the shares "less favorable in the current risk-on market," said Deane Dray, analyst at RBC Capital markets.

The company also raised concern by giving itself wiggle room to deliver fewer LEAP aircraft engines this year, a key risk for the company. It said the range for the year was 450 to 500 engines, instead of nearly 500 it stated earlier.

"It is notable that GE is taking a more cautious slant by backing away from a firm target of "500" engine deliveries in 2017," Vertical Research Partners analyst Rob Stallard said.

GE beat analysts estimates for adjusted earnings and revenue, even though revenue fell 1 percent to $27.66 billion, due to lower sales in its oil-and-gas and lighting businesses. Analysts expected $26.26 billion, according to Thomson Reuters I/B/E/S.

Adjusted earnings of 21 cents a share were unchanged from a year ago and beat analyst estimates of 17 cents, according to Thomson Reuters I/B/E/S.

GE said industrial organic revenue, which is from continuing businesses, rose 7 percent in the quarter, a strong showing according to analysts.

Chief Executive Officer Jeff Immelt noted a 10 percent rise in quarterly orders and said the world economy was "an attractive environment for GE."

"We see global growth accelerating, while the U.S. continues to improve," Immelt said on a conference call, adding that growth in China, Southeast Asia, Latin America and Africa this year were all "stronger than last year."

(Reporting by Alwyn Scott in New York and Rachit Vats in Bengaluru; Editing by Sriraj Kalluvila and Bernadette Baum)

By Alwyn Scott

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on GENERAL ELECTRIC COMPANY
07:25p General Electric shares drop for fifth straight session
05:44p GENERAL ELECTRIC : The 5 Coolest Things On Earth This Week
04:22p DOW MOVERS : Ibm, nke
03:54p GENERAL ELECTRIC : Former GE Vice Chairman named government adviser
03:15pGENERAL ELECTRIC COMPANY : annual earnings release
12:56p GENERAL ELECTRIC : CBMG Accelerates Cell Therapy Manufacturing With GE Healthcar..
12:15p GENERAL ELECTRIC : Researchers Submit Patent Application, "System and Method for..
11:24a MP : Power firm is here for long term
06:57a GENERAL ELECTRIC : Data on Nuclear Medicine and Molecular Imaging Discussed by R..
01/18 GENERAL ELECTRIC : People 'jumping to conclusions' about General Electric, Bosto..
More news
News from SeekingAlpha
02:10p GE slides another 3%; Deutsche Bank says may need to raise equity capital
01:38p GENERAL ELECTRIC : Break It Up
07:57a OFF THE CHARTS : Investing/Trading General Electric As Of 01/17/2018
01/18 GE : There Is No Joy In Mudville
01/18 General Electric hits fresh multi-year low
Financials ($)
Sales 2017 124 B
EBIT 2017 10 882 M
Net income 2017 7 225 M
Debt 2017 68 338 M
Yield 2017 5,29%
P/E ratio 2017 22,72
P/E ratio 2018 17,73
EV / Sales 2017 1,72x
EV / Sales 2018 1,60x
Capitalization 145 B
Chart GENERAL ELECTRIC COMPANY
Duration : Period :
General Electric Company Technical Analysis Chart | GE | US3696041033 | 4-Traders
Technical analysis trends GENERAL ELECTRIC COMPANY
Short TermMid-TermLong Term
TrendsBearishBearishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 16
Average target price 21,2 $
Spread / Average Target 27%
EPS Revisions
Managers
NameTitle
John L. Flannery Chairman & Chief Executive Officer
Daniel Janki Treasurer & Senior VP-Global Operations
Jamie S. Miller Chief Financial Officer
Jim Fowler Chief Information Officer
Victor Abate Chief Technology Officer & Senior Vice President
Sector and Competitors
1st jan.Capitalization (M$)
GENERAL ELECTRIC COMPANY-0.57%145 431
3M5.41%146 466
SIEMENS5.90%128 180
HONEYWELL INTERNATIONAL3.29%119 410
ILLINOIS TOOL WORKS2.50%58 351
JARDINE MATHESON HOLDINGS LIMITED2.18%45 304