General Electric Co. Earnings: Here’s Why the Stock is Down Now

General Electric Co. (NYSE:GE) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are down 2.73%.

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General Electric Co. Earnings Cheat Sheet

Results: Adjusted Earnings Per Share increased 14.71% to $0.39 in the quarter versus EPS of $0.34 in the year-earlier quarter.

Revenue: Decreased 0.49% to $35.01 billion from the year-earlier quarter.

Actual vs. Wall St. Expectations: General Electric Co. reported adjusted EPS income of $0.39 per share. By that measure, the company beat the mean analyst estimate of $0.35. It beat the average revenue estimate of $34.63 billion.

Quoting Management: “Our equipment orders were strong in the quarter, growing 10%, with Oil & Gas orders up 24%, and Aviation up 47%,” said GE Chairman and CEO Jeff Immelt. “In growth markets, equipment and service orders grew 17%. We ended the quarter with our biggest backlog in history.”

Key Stats (on next page)…

Revenue decreased 10.98% from $39.33 billion in the previous quarter. EPS decreased 11.36% from $0.44 in the previous quarter.

Looking Forward: Analysts have a more negative outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has fallen from a profit of $0.41 to a profit $0.40. For the current year, the average estimate is a profit of $1.67, which is the same with that ninety days ago.

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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)