New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
May 2, 2014
08:59 EDTALSMYAlstom upgraded upgraded to Conviction Buy from Neutral at Goldman
Goldman upgraded Alstom to Conviction Buy citing upside potential from a possible deal for the company's assets.
News For ALSMY From The Last 14 Days
Check below for free stories on ALSMY the last two weeks.
Sign up for a free trial to see the rest of the stories you've been missing.
July 21, 2014
07:18 EDTALSMYAlstom CEO not concerned over complexities added to deal by France, FT says
Subscribe for More Information
July 18, 2014
10:12 EDTALSMYGeneral Electric sees Alstom deal to close in 2015
Subscribe for More Information
09:14 EDTALSMYGE says not done with divestitures, likes current Oil & Gas portfolio
Subscribe for More Information
08:43 EDTALSMYGeneral Electric says orders, backlog give confidence in second half
Subscribe for More Information
July 17, 2014
13:18 EDTALSMYEarnings Preview: General Electric shares little changed since Q1 report
General Electric (GE) is expected to report second quarter earnings on Friday, July 18 before the market open with a conference call scheduled for 8:30 am ET. General Electric is a globally diversified technology and financial services company serving customers in more than 100 countries. EXPECTATIONS: Analysts are looking for earnings per share of 39c on revenue of $36.3B, according to First Call. The consensus range for EPS is 38c-40c on revenue of $35.99B-$36.72B. LAST QUARTER: General Electric reported first quarter adjusted EPS of 33c against estimates for 32c on revenue of $34.18B against estimates for $34.36B. CEO Jeff Immelt said, Were off to a good start to the year, and our 2014 framework remains unchanged. The environment is consistent with our expectations, with a positive bias. During GEs Q1 earnings call, management said the U.S. market gets "a little better every day," and Europe is improving. They said there was some improvement in demand for credit in Q1. They noted the company was on track to reduce share count in 2014, and on track to achieve its margin goal in 2016. The company expected to make gains from divestitures in its industrial portfolio. In June, GE finalized a deal to purchase the Power and Grid businesses of Alstom (ALSMY), after fending off rivals Siemens (SIEGY) and Mitsubishi Heavy Industries. STREET RESEARCH: Street research has been light in the weeks leading up to GE's Q2 earnings report. On May 12, Barclays upgraded the U.S. Multi-Industry sector to Positive from Neutral. The firm's data indicated that Fed policy had extended the cycle, driving up capital spending and corporate confidence. PRICE ACTION: GE shares traded marginally higher following its Q1 report, but currently sit at approximately the same level as they did three months ago. Over the past twelve months, the stock has gained about 13%. In early afternoon trading ahead of tomorrow's Q2 report, GE shares are down almost 1% to $26.76.

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use