General Electric Company (NYSE:GE) is reporting third quarter financial results on Wednesday 28th October 2020, before market open.
According to analysts surveyed by Thomson Reuters, GE is expected to report 3Q20 loss of $ 0.04 per share from revenue of $ 18722.80 million.
For the full year, analysts anticipate top line of $ 78805.00 million, while looking forward to loss of $ 0.04 per share bottom line.
The Company Outlook
Full Year 2020 bottomline are predicted in a range of $ 0.50 ~ $ 0.60 per share
Click Here For More Historical Outlooks Of General Electric Company
Previous Quarter Performance
General Electric Company revealed loss for the second quarter of $ 0.15 per share, from the revenue of $ 17,750.00 million. The quarterly revenues decreased 38.43 percent compared with the same quarter last year. Wall street analysts are predicting, GE to report 2Q20 loss of $ 0.10 per share from revenue of $ 17116.40 million. The bottom line results missed street analysts by $ 0.05 or 50 percent, at the same time, top line results outshined analysts by $ 633.60 million or 3.70 percent.
Stock Performance
Shares of General Electric Company traded low $ -0.28 or -3.79 percent on Tuesday, reaching $ 7.10 with volume of 96.48 million shares. General Electric Company has traded high as $ 7.40 and has cracked $ 7.09 on the downward trend
According to the previous trading day, closing price of $ 7.10, representing a 34.67 % increase from the 52 week low of $ 5.48 and a 44.34 % decrease over the 52 week high of $ 13.26.
The company has a market capital of $ 62.15 billion and is part of the Industrials sector and Diversified Industrials industry.
Conference Call
General Electric Company will be hosting a conference call at 8:00 AM eastern time on 28th October 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.ge.com
General Electric Company operates as a high-tech industrial company worldwide. It operates in Power, Renewable Energy, Aviation, Oil & Gas, Healthcare, Transportation, Lighting, and Capital segments. The Power segment offers technologies, solutions, and services related to energy production, including gas and steam turbines, generators, and high voltage equipment; and power generation services.
