|January 17, 2013|
|12:17 EDT||GE||Earnings Preview: General Electric sees margin expansion in Q4 |
General Electric (GE) is expected to report Q4 earnings on Friday, January 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 EPS of 43c on revenue of $38.74B, according to First Call. The consensus range for EPS is 42c-44c on revenue of $37.99B-$40.01B... LAST QUARTER: General Electric reported Q3 EPS of 36c against estimates for 36c on revenue of $36.3B against estimates for $36.89B. During its Q3 earnings call, the company lowered its 2012 revenue growth view to 3% from 5%, excluding NBCU pretax gains. 2012 industrial organic growth was seen at about 10%. Management did forecast margin expansion in Q4, and said the company was on track for a 100 bps margin improvement in 2012-13. On December 14, GE raised its dividend 12% and boosted its share repurchase authorization by $10B, a clear indication it expects positive results going forward. STREET RESEARCH: Street research has been light in the weeks leading up to GE's Q4 earnings report. On December 19, UBS removed GE from its U.S. Key Call list based on expectations for weaker than expected near-term earnings growth. PRICE ACTION: GE shares fell approximately 13% following the company's Q3 report, moving off their 52-week high of $23.18. However, since mid-November, the stock has gained about 6%. In early afternoon trading ahead of tomorrow's Q4 report, GE shares are up 0.43% to $21.21.
News For GE From The Last 14 Days
|February 25, 2015|
|05:22 EDT||GE||GE Healthcare selected as strategic partner by Kenyan Ministry of Health|
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|February 24, 2015|
|18:02 EDT||GE||General Electric director purchases $20M of company stock|
According to regulatory filings, GE director William G. Beattie purchased 800,000 shares of GE for $20,096,000 on February 18 and 19.
|February 23, 2015|
|12:07 EDT||GE||EU opens probe in GE's proposed acquisition of Alstom's energy business |
The European Commission has opened an in-depth investigation to assess whether General Electric's (GE) proposed acquisition of the Thermal Power, Renewable Power & Grid businesses of Alstom (ALSMY) is in line with the EU Merger Regulation. The Commissionís preliminary investigation indicates potential competition concerns in the market for heavy-duty gas turbines which are mainly used in gas-fired power plants. The transaction would bring together the activities of GE, the world's largest manufacturer of heavy-duty gas turbines, with those of Alstom, eliminating one of the three main global competitors to GE in this market. The opening of an in-depth inquiry does not prejudge the final result of the investigation. The Commission now has 90 working days, until 8 July, to take a final decision. Reference Link
|February 20, 2015|
|08:26 EDT||GE||Arc Logistics to acquire all membership interests Joliet Bulk for $216M |
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|February 18, 2015|
|11:14 EDT||GE||GE, Alstom deal likely to face intense EU scrutiny, Reuters says |
General Electric's (GE) deal for Alstom's (ALSMY) power equipment business is likely to face an intense EU antitrust investigation, says Reuters, citing people familiar with the matter. Reference Link
|07:07 EDT||GE||Barclays to hold a conference|
Industrial Select Conference is being held in Miami on February 18-19.
|February 15, 2015|
|15:42 EDT||GE||GE inaugurates new Indian manufacturing facility, Reuters says |
General Electric inaugurated its new manufacturing facility in India this weekend that the conglomerate will use as an export hub, with plans to send half of its output to the company's global factories, says Reuters. The new Indian facility will be a major part of GE's plan to win increased domestic orders there, added Reuters. Reference Link