General Electric Q3 Adj. EPS $0.82 Beats $0.56 Estimate, Adj. Revenue $16.50B
Portfolio Pulse from Benzinga Newsdesk
General Electric (GE) reported Q3 earnings of $0.82 per share, beating the analyst consensus estimate of $0.56 by 46.43%. This is a 134.29% increase from the same period last year. The company also reported quarterly sales of $16.50 billion, beating the analyst consensus estimate of $15.70 billion by 5.10%. However, this is a 13.54% decrease from the same period last year.
October 24, 2023 | 10:02 am
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POSITIVE IMPACT
GE's Q3 earnings and sales beat analyst estimates, with earnings showing a significant YoY increase. However, sales have decreased compared to the same period last year.
GE's earnings beat estimates and showed a significant YoY increase, which is positive for the stock. However, the decrease in sales compared to last year could be a concern for investors, potentially limiting the positive impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100