General Electric (GE): Q2 EPS of $0.36 beats by $0.01. Revenue of $35.1B misses by $0.48B. (PR)

General Electric (GE): Q2 EPS of $0.36 beats by $0.01. Revenue of $35.1B misses by $0.48B. (PR)
From other sites
Comments (3)
  • WisPokerGuy
    , contributor
    Comments (1378) | Send Message
    "Mixed Earnings Report From GE"


    You see, this is the type of headline you get when you only look at the top and bottom line numbers. The was a pretty decent quarter by GE when you consider the situation in Europe & Brazil and the currency headwinds they faced. GE Capital shrunk at a faster then expected pace and emerging market sales were strong. Plus, Europe seems to be bottoming out. The backlog in orders also grew substancially. Look for a 10% increase in the dividend later this fall to push the shareprice higher.


    Let the Immelt bashing begin!!! But I think he's doing a decent job under somewhat difficult economic conditions by refocusing the business on core growth areas (like oil & gas) that should pay off in the future. I'm a shorter term holder of GE stock with a $16 cost basis and I'm pretty happy today.
    19 Jul 2013, 07:30 AM Reply Like
  • s2herring
    , contributor
    Comments (28) | Send Message
    Nice comments Wise Guy. Much more informative than the articles yet published.
    19 Jul 2013, 08:35 AM Reply Like
  • FinancialDave
    , contributor
    Comments (2205) | Send Message
    I agree, this news along with dividend increase and buybacks are going to push this north of $25 for the first time since 2008. This is good news for shareholders.
    19 Jul 2013, 12:16 PM Reply Like
DJIA (DIA) S&P 500 (SPY)
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs