12 Οκτ 2007

General Electric (GE) 3rd Quarter Results

  • Net earnings per share (EPS) of $.54, up 15%; continuing EPS of $.50, up 9%
  • Net earnings of $5.5 billion, up 14%; continuing earnings of $5.1 billion, up 7%
  • Revenues of $42.5 billion, up 12%; organic revenue growth of 8%; global revenue growth of 15%
  • Total orders of $24 billion, up 20%; major equipment orders of $12 billion, up 39%; services orders of $8.2 billion, up 4%
  • Analysts polled by Thomson Financial expected, on average, earnings of 50 cents a share on revenue of $42.42 billion.

"Our outlook for the remainder of the year is strong. We have a better set of financial services businesses and a successful turnaround at NBC Universal, and we will have earnings acceleration in Infrastructure. We are forecasting fourth quarter EPS from continuing operations of $.67-.69, up 18-21% over comparable 2006 earnings. We are reaffirming guidance of $2.19 - 2.22, up 18-19% for the full year and are on track to deliver a solid, low-risk performance in 2007," Immelt said.

General Electric Co. (GE) Chief Executive Jeff Immelt also said Friday that the global economy appears strong, with demand for big-ticket infrastructure items picking up steam. "We see orders everywhere around the world," Immelt told analysts on a post-earnings conference call. "That seems to be accelerating and not diminishing."

Σχόλιο : Θετικά και σύμφωνα με τις εκτιμήσεις της αγοράς κρίνονται τα αποτελέσματα της εταιρίας για το τρίτο τρίμηνο του 2007, ενώ επίσης ως θετική κρίνεται η επιβεβαίωση των προβλέψεων για το υπόλοιπο του έτους. Η μετοχή της εταιρίας στο pre-market διαπραγματεύεται στα $40,95 σημειώνοντας πτώση 1,56% (15:15 μμ).