GE Reports Strong Growth, With NBC Universal Unit Lagging

Oct.13.06 | About: General Electric (GE)

Excerpt from our Wall Street Breakfast, a one-page summary of this morning's key market-moving and stock-moving stories:

GE Earnings Climb 10% on Sales of Turbines, Loans [Bloomberg]

Summary: GE earnings summary: EPS of $0.49 matched the consensus estimate. Revenue from units owned for over a year (ie. organic growth) up 10%, profit up 10%. Total orders up 15%, year-to-date, backlog up 21%. 5 out of 6 main units posted profit rise; the exception was NBC Universal, which was hit by lower advertising income due to lower ratings at the flagship TV network. Guidance: 2007 EPS from continuing ops guidance narrowed to $1.97-$1.99 from prior guidance of $1.94-$2.02.
Related links: More commentary on GE's stock.
Potentially impacted stocks: General Electric (NYSE:GE).

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