| General Electric
Earnings Call |
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General Electric Earnings Call, Second Quarter 2008
14th July 2008 00:00 AM |
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| Opportunities in emerging markets, infrastructure, commodities and global healthcare are creating demand for businesses, despite a difficult environ. |
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| The diversified technology, media and financial services firm delivered earnings of $5.1 billion or 54 cents, down 6% from $5.4 billion or 55 cents a share in 2007 driven by global revenue growth of 24% offsetting a sluggish U.S. economy. The business fundamentals remain strong as the firm has a significant equipment backlog and growing, high margin service revenues. It has a solid cash flow to reinvest in the businesses, pay an attractive dividend and execute a stock buyback program. |
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General Electric First Quarter Earnings Call
13th April 2008 00:00 AM |
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| Profit fell 6% to $4.3 billion as a slowing U.S. economy sapped its financial services business. |
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| Revenue climbed 8% to $42.24 billion from $39.20 billion, with global revenue up 22%.Earnings from continuing operations totaled $4.4 billion, or 44 cents per share, down 8% year-over-year. NBC Universal grew profits 3%, while health care earnings were hurt by continued regulatory shipping restrictions on surgical supplies. The company lowered its full-year outlook for earnings from continuing operations to between $2.20 and $2.30 per share. |
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General Electric Fourth Quarter Earnings Call
28th January 2008 00:00 AM |
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| Earnings were up 15% to $6.8 billion or 68 cents a share, as the firm strengthened its' portfolio, risk management and lowered costs. |
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| The diversified media, technology and financial services firm reported an 18% rise in revenues to $48.6 billion, with a 10% increase due to industrial growth and industrial margins increased with better pricing and productivity. Global demand for the firm’s technology continued, driving highly visible growth in orders and backlog. The growing installed base of Infrastructure products has led to long-term service contracts that are strengthening. |
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General Electric Third Quarter Earnings Call
15th October 2007 00:00 AM |
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| Aided by strong sales, the net income grew to $5.54 billion or 54 cents a share versus $4.87 billion or 47 cents a share in the prior year. |
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| The diversified industrial conglomerate reported revenue of $42.5 billion compared to $37.8 billion in last year. In the Q3, the firm had $1.4 billion charge for the proposed sale of the Japanese personal loan business while it reported $1.8 billion gain from the sale of its plastics business. General Electric’s total orders were up 20% to $24 billion, with major equipment accounting for $12 billion. For Q4, the firm projects EPS of 67 cents to 69 cents, up 18% to 21% over last year. |
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General Electric Second Quarter Earnings Call
16th July 2007 00:00 AM |
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| Profit rose 9.6% to $5.4 billion on good results in the company’s commercial finance business and strong demand for products. |
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| The diversified manufacturer reported revenue increase of 12% to $42.3 billion compared to last year''s $37.7 billion. The company decided to exit the subprime lending business, where it recorded a loss. Profit declined only in health care, where operating earnings slipped 8%, attributed to regulatory changes. Total orders rose 32% to $25 billion and total backlog grew 42% to $18 billion. In Q3, the earnings from continuing operations are expected to be in a range of 54 cents to 56 cents. |
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General Electric First Quarter Earnings Call
15th April 2007 00:00 AM |
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| Revenue growth was led by a 9% rise in global revenue to $19.6 billion and a 14% gain in developing markets revenue to $7 billion. |
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| General Electric, a diversified manufacturer, reported 6% revenue increase to $40.2 billion, excluding the effect of acquisitions and changes in currency exchange rates. Results include a $2 million loss from discontinued operations. Net income rose 1.5% to $4.51 billion, as the company''''s infrastructure and commercial finance wings posted higher returns. In Q2, earnings are expected to be between 52 cents and 54 cents a share. |
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