General Electric (GE) Tops Q1 EPS by 4c

(Updated - April 20, 2018 6:36 AM EDT)

General Electric (NYSE: GE) reported Q1 EPS of $0.16, $0.04 better than the analyst estimate of $0.12. Revenue for the quarter came in at $28.7 billion versus the consensus estimate of $27.52 billion.

• Adjusted free cash flow $(1.7)B, +$1.1B versus 1Q’17
• Power market continues to be challenging with orders (29)% ... making progress on cost and services execution • Strong cost performance with $0.8B Industrial structural cost out-a) driven by Corporate, Power and Oil & Gas
• Recorded reserve of $1.5B related to WMC FIRREA investigation in discontinued operations
• Executing dispositions … Industrial Solutions-b), Value-Based Care-b); Aviation platforms, Current & Lighting, Distributed Power, and Transportation in process

GE sees FY18 EPS of $1.00-$1.07 vs. consensus of $0.96.

• Plan to end 2018 with $15B+ of cash

For earnings history and earnings-related data on General Electric (GE) click here.

You May Also Be Interested In

• Micron surges 5.5% on blockbuster Anthropic AI deal ahead of earnings
• Barclays Starts DKSH Holding AG (DKSH:SW) at Overweight
• Sun Communities names Ileana McAlary as general counsel and EVP