General Electric Q2 Adj. EPS $0.68 Beats $0.46 Estimate, Sales $16.70B Beat $15.00B Estimate; Adj. Revenue $15.90B
Portfolio Pulse from Bill Haddad
General Electric (NYSE:GE) reported Q2 earnings of $0.68 per share, beating the analyst consensus estimate of $0.46 by 47.83%. However, this is a 12.82% decrease from the same period last year. The company also reported quarterly sales of $15.90 billion, beating the estimate of $15.00 billion by 6.00%, but this is a 14.73% decrease from the same period last year.
July 25, 2023 | 10:23 am
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General Electric's Q2 earnings and sales exceeded estimates, but both decreased compared to the same period last year.
While General Electric beat the estimates for Q2 earnings and sales, the year-over-year decrease in both earnings and sales might concern investors. This mixed result makes the short-term impact on the stock price uncertain.
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IMPORTANCE 80
RELEVANCE 100