General Electric (GE) Posts Quarterly Results

General Electric (GE) issued its quarterly earnings data on Friday. The company reported $0.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.33 by $0.01. The company’s revenue for the quarter was down 8.2% on a year-over-year basis.

GE has been the subject of a number of recent research reports. Analysts at Morgan Stanley (NYSE: MS) cut their EPS estimates on shares of General Electric in a research note on Monday. They now have an “overweight” rating and a $21.00 price target on the stock. On a related note, analysts at Goldman Sachs (NYSE: GS) raised their price target on shares of General Electric from $21.00 to $22.00 in a research note to investors on Monday, April 23rd. Finally, analysts at Nomura (NYSE: NMR) reiterated a “buy” rating on shares of General Electric in a research note to investors on Monday, April 23rd.

General Electric (GE) opened at 19.25 on Wednesday. General Electric (GE) has a 52-week low of $14.02 and a 52-week high of $21.00. The company has a market cap of $203.7 billion and a price-to-earnings ratio of 15.92.

General Electric Company (GE) is a diversified technology and financial services corporation. The products and services of the Company range from aircraft engines, power generation, water processing, and household appliances to medical imaging, business and consumer financing and industrial products.

Stay ahead of the market with Analyst Ratings Network's daily email update that provides a summary of analysts' upgrades, downgrades and new coverage. Click here to register now.

Posted by Web Inquirer Staff on 9 May 2012. Filed under Markets. You can follow any responses to this entry through the RSS 2.0. You can skip to the end and leave a response. Pinging is currently not allowed.