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Stock Market & Financial Investment News

News Breaks
January 17, 2013
12:17 EDTGEEarnings 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
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December 17, 2014
10:04 EDTGEGE CEO Immelt says 'likes' Russia long-term, CNBC reports
General Electric CEO Jeff Immelt told CNBC's "Squawk on the Street" that he likes Russia for the long-term, though he would like Russia "to be in better shape" right now. Russia represents around 1% of GE's business, Immelt noted. Reference Link
08:04 EDTGEGeneral Electric guidance positive, says RBC Capital
RBC Capital views General Electric's 2015 EPS guidance as positive, given the company's 11% oil and gas exposure. The firm thinks the company's guidance indicates that its industrial businesses are set to generate healthy earnings growth in 2015. RBC Capital trimmed its price target on GE to $28 from $30 and keeps an Outperform rating on the shares.
December 16, 2014
15:57 EDTGEGE CEO says company planning for 'sluggish' oil & gas performance in FY15
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15:44 EDTGEGeneral Electric sees FY15 EPS $1.70-$1.80, consensus $1.79
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15:18 EDTGEGE CEO says still considering ways to shrink GE Capital in investor-friendly way
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15:14 EDTGEGeneral Electric sees Alstom deal adding about 1c to FY15 EPS
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15:07 EDTGEGeneral Electric sees FY15 Industrial EPS $1.10-$1.20
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15:02 EDTGEGeneral Electric sees returning $10B-$30B to investors in FY15
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14:57 EDTGEGeneral Electric says Alstom synergy opportunities better than expected
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14:54 EDTGEGE repeats view for FY14 revenue flat to up 5%, consensus $148.92B
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09:22 EDTGEGeneral Electric must answer on oil and gas focus after price slide, WSJ says
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08:03 EDTGEGeneral Electric to acquire Oceaneering's Electric Actuator product line
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05:56 EDTGEBoeing selects GE Aviation for ELMS on 777X
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December 15, 2014
12:01 EDTGEBioTime unit, GE Healthcare sign set of license agreements, terms not disclosed
BioTime (BTX) announced that its subsidiary ES Cell International Pte. Ltd. and GE Healthcare (GE) have signed a set of license agreements through which GEHC received rights to ESIís stem cell patents and ESI received rights to stem cell patents controlled by GEHC, in both cases for the development of cellular assays and models derived from stem cells for use in drug discovery and toxicity screening. In addition, the agreements give GEHC the right to grant sub-licenses to the ESI patent portfolio and, in certain circumstances, ESI may further sublicense its rights for the purpose of marketing stem cell-derived products. Financial terms were not disclosed.
11:17 EDTGEGE Aviation selected by Boeing for 777x common core avionics systems
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08:15 EDTGEGeneral Electric to host investor meeting
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08:08 EDTGEGeneral Electric enters into IP licensing agreement with WordLogic
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December 12, 2014
11:57 EDTGEGeneral Electric increases dividend 5% to 23c from 22c
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11:57 EDTGEGeneral Electric increases dividend 5% to 23c from 22c
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December 10, 2014
08:04 EDTGEGE Energy Financial Services, Pacifico to build second joint solar project
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