General Electric slides despite its earnings beat (GE)


by markets.businessinsider.com

Shares of General Electric are down 1.9% at $29.69 as of 12:11 p.m. ET.

The industrial giant reported earnings of $0.21 per share, beating the Wall Street estimates by 4 cents.

Revenue fell 1% to 27.66 billion, which was ahead of the $26.26 billion Reuters consensus. Suppressed oil prices have hurt GE's Oil and Gas division with revenue there falling 9.4%. 

Meanwhile, General Electric's cash flow from industrial operations was a negative $1.6 billion for the quarter, worse than the negative $600...

Read it at markets.businessinsider.com


CNBC reports:

General Electric shares seesaw after earnings beat Street's expectations

General Electric reported earnings of 21 cents a share on revenue of $27.66 billion.

Mail Online reports:

ABB, Schneider Electric bid for General Electric unit -sources

By Greg RoumeliotisApril 21 (Reuters) - European engineering groups ABB Ltd and Schneider Electric SE are competing for General Electric Co's industrial...

WSJ reports:

BlackBerry Earnings Beat Expectations

BlackBerry’s fiscal fourth-quarter earnings came in slightly above expectations despite a decline in revenue that comes as the company continues to focus on bolstering its software business.