General Electric Co reports results for the quarter ended March 31 - Earnings Summary

• General Electric Co GE.N reported quarterly adjusted earnings of $1.49​​ per share for the quarter ended March 31, higher than the same quarter last year, when the company reported EPS of 82 cents. The mean expectation of seventeen analysts for the quarter was for earnings of $1.27 per share. Wall Street expected results to range from $1.12 to $1.38 per share.

• Revenue fell 40.7% to $9.00 billion from a year ago; analysts expected $9.01 billion.

• General Electric Co's reported EPS for the quarter was $1.83​.

• The company reported quarterly net income of $1.98 billion.

• General Electric Co shares had fallen by 10.9% this quarter and gained 6.9% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 9.9% in the last three months.​

• In the last 30 days, four analysts negatively revised earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 19 "strong buy" or "buy," 2 "hold" and no "sell" or "strong sell." The average consensus recommendation for the aerospace & defense peer group is also "buy"

• Wall Street's median 12-month price target for General Electric Co is $220.00

This summary was machine generated from LSEG data April 22 at 01:31 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)