General Electric Company (GE) reported quarterly earnings results on Friday, Apr-22-2016. The company said it had a profit of $0.21 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.02. Analysts had a consensus of $0.19. The company posted revenue of $27597.00 million in the period, compared to analysts expectations of $27966.34 million. The company’s revenue was up 6.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.31 EPS.
Many Wall Street Analysts have commented on General Electric Company. General Electric Company was Downgraded by Bernstein to ” Mkt Perform” on Apr 4, 2016. General Electric Company was Downgraded by Berenberg to ” Hold” on Apr 4, 2016. Shares were Reiterated by RBC Capital Mkts on Jan 25, 2016 to “Outperform” and Lowered the Price Target to $ 33 from a previous price target of $34 .
General Electric Company closed down -0.17 points or -0.55% at $30.98 with 3,96,51,443 shares getting traded on Wednesday. Post opening the session at $31.12, the shares hit an intraday low of $30.85 and an intraday high of $31.28 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.
In a different news, on Feb 5, 2016, Jeffrey S Bornstein (Senior Vice President) sold 168,313 shares at $28.87 per share price. According to the SEC, on Feb 2, 2016, Alexander Dimitrief (Senior Vice President) purchased 30,612 shares at $29.00 per share price. On May 1, 2015, Francisco Dsouza (director) purchased 36,500 shares at $27.26 per share price, according to the Form-4 filing with the securities and exchange commission.
General Electric Company (GE) is a diversified infrastructure and financial services company. The products and services of the Company range from aircraft engines power generation oil and gas production equipment and household appliances to medical imaging business and consumer financing and industrial products. The Company operates its segments through its eight businesses -based on the markets they serve: Power & Water Oil & Gas Energy Management Aviation Healthcare Transportation Appliances and Lighting and GE Capital. GE Capital operates the following businesses: Commercial Lending and Leasing Consumer Real Estate Energy Financial Services and GE Capital Aviation Services. The Company operates in approximately 175 countries.