GE Sees FY23 Adj. EPS $2.55-$2.65 vs $2.36 Est.; Up From Prior Range Of $2.10-$2.30
Portfolio Pulse from Benzinga Newsdesk
General Electric (GE) has updated its FY23 adjusted EPS forecast to $2.55-$2.65, up from the previous range of $2.10-$2.30. This is also higher than the estimated $2.36.

October 24, 2023 | 10:10 am
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POSITIVE IMPACT
GE has raised its FY23 adjusted EPS forecast, which is higher than the estimated value. This could potentially lead to a positive market reaction.
Companies often see their stock prices increase when they raise their earnings forecasts, especially when the new forecast exceeds market estimates. This is because higher earnings generally indicate better financial health and profitability, which are attractive to investors. Therefore, GE's stock price is likely to go up in the short term.
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