|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's range||12.98 - 13.78|
|52-week range||12.61 - 25.89|
|PE ratio (TTM)||N/A|
|Earnings date||18 Oct 2018 - 22 Oct 2018|
|Forward dividend & yield||0.48 (3.57%)|
|1y target est||17.21|
A closer look at Elon Musk's recent comments raise a reason for concern: The prospect that new orders may not be keeping up with Tesla's long-awaited production ramp-up.
Both General Electric (GE) and Honeywell (HON) topped earnings estimates Friday, but the situations behind these two storied firms couldn't be more different. Let's take a closer look at what's going on with these two giants, and see which company is on track for solid growth.
General Electric’s second-quarter profit dropped 30% as the company’s power division continued to offset growth in other major units.
The words “great quarter guys” have never been directed to the current holders of General Electric’s top jobs. John Flannery and Jamie Miller, chief executive and financial officers since last year, respectively, would gladly have settled for a “whew, that wasn’t so bad” from Wall Street. While edging out analysts’ consensus estimates on both the top and bottom lines, much of what was in the middle didn’t look great.
On a day the major benchmarks were mostly flat, General Electric fell on concerns over its power business, while Microsoft reported strong sales gains.
Stocks that moved substantially or traded heavily Friday: Microsoft Corp., up $1.87 to $106.27 The technology company had a strong fiscal fourth quarter as its cloud computing business kept growing. Skechers ...
General Electric's (GE) second-quarter results beat estimates. Industrial revenues gain on healthy growth in Oil & Gas, Aviation, and Healthcare.
General Electric (GE) announced its second-quarter results today before the market opened. The company’s net earnings fell 32.7% to $1.62 billion in the quarter from $2.41 billion in Q2 2017. A huge fall in the company’s net earnings sent shockwaves across the markets, badly hitting the stock.
The 126-year-old industrial conglomerate, whose power and financial-services units are struggling, said it expects to generate perhaps $1 billion (762.42 million pounds) less free cash flow than expected this year. The forecast cast doubt on GE's full-year adjusted profit target of $1.00 to $1.07 a share. "We are getting questions as to how the company can maintain EPS guidance while cutting free cash flow guidance," JPMorgan analyst Stephen Tusa wrote in a note on Friday.
General Electric Co , a major buyer of Chinese goods, estimates new tariffs on its imports from China could raise its costs by $300 million (228.89 million pounds) to $400 million overall before steps to lessen the impact, Chief Executive John Flannery said on Friday. In comment on the tariffs set up by President Donald Trump, Flannery said GE imports about $2.9 billion worth of goods annually from China, roughly 10 percent of total its imports. The cost of the tariffs "could be $300 to $400 million at a gross level before any mitigating factors," he said.
General Electric sees strength in all its businesses excluding power, chief financial officer Jamie Miller told CNBC's Morgan Brennan.
The industrial giant earned 19 cents a share on revenue of $30.1 billion, while analysts were looking for EPS of 17 cents on revenue of $29.39 billion. For the full year, GE expects EPS of $1 to $1.07, compared with the 94 cents consensus EPS estimate. Others may have been happy to see the guidance reaffirmed, like Barclay's Julian Mitchell, but warn that there are other problems with the report.
Q2 results continue to heat up at the end of this first full week of earnings season, with GE, State Street, Schlumberger and more reporting results before today's opening bell.
The Dow Jones Industrial Average is poised for a fall morning as trade war worries resurface. Look Up Stocks ended lower on Thursday, and it looks like the Nasdaq, helped by Microsoft (MSFT), may be the only index to buck that trend Friday. Dow Jones Industrial Average futures are 0.4% lower, while S&P 500 futures are off 0.2% but Nasdaq Composite futures are clinging to gains, up 0.1%.
Among the companies with shares expected to trade actively in Friday's session are Microsoft, General Electric, Honeywell, Capital One and Facebook.
There have been over 50 component changes to the Dow's since 1896, and these three stocks could be the next to join the prestigious index.
General Electric, one of the greatest American conglomerates and an original member of the Dow Jones Industrial Average, has come upon some bad times.
GE's quarterly profit due to weakness in its power and renewables energy businesses, while rising sales of aircraft parts and services boosted Honeywell's earnings. Fred Katayama reports.
Jul.20 -- Scott Davis, chief executive officer at Melius Research, examines second-quarter results from General Electric Co. and third-quarter results from Honeywell International Inc. He speaks on "Bloomberg Daybreak: Americas."
Jul.20 -- Nick Heymann, head of global industrial infrastructure at William Blair, examines second-quarter results from General Electric Co. He speaks on "Bloomberg Surveillance."