General Electric (GE) Releases Quarterly Earnings, Beats Expectations By $0.01 EPS

General Electric (GE) announced its earnings results on Friday. The company reported $0.34 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.33 by $0.01. General Electric’s revenue was down 8.2% compared to the same quarter last year.

A number of analysts have recently weighed in on GE shares. Analysts at Oppenheimer reiterated an “outperform” rating on shares of General Electric in a research note to investors on Thursday, May 24th. On a related note, analysts at Morgan Stanley raised their EPS on shares of General Electric in a research note to investors on Friday, May 18th. They now have an “overweight” rating and a $21.00 price target on the stock. They previously had a “buy” rating on the stock. Finally, analysts at Nomura reiterated a “buy” rating on shares of General Electric in a research note to investors on Thursday, May 17th.

General Electric (GE) traded up 0.50% on Wednesday, hitting $20.10. 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 $212.8 billion and a price-to-earnings ratio of 16.54.

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.

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Posted by Web Inquirer Staff on 20 Jun 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.