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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)
Comments (3)
  • WisPokerGuy
    , contributor
    Comments (781) | 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 (143) | 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
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