General Electric Co reports results for the quarter ended June 30 - Earnings Summary

• General Electric Co GE reported quarterly adjusted earnings of $1.66​​ per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of $1.20. The mean expectation of sixteen analysts for the quarter was for earnings of $1.43 per share. Wall Street expected results to range from $1.26 to $1.52 per share.

• Revenue rose 23.4% to $10.15 billion from a year ago; analysts expected $9.59 billion.

• General Electric Co's reported EPS for the quarter was $1.89​.

• The company reported quarterly net income of $2.03 billion.

• General Electric Co shares had risen by 3.4% this quarter and gained 59.6% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 8.1% in the last three months.​

• In the last 30 days, one analyst negatively revised an earnings estimate

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 16 "strong buy" or "buy," 4 "hold" and no "sell" or "strong sell." The average consensus recommendation for the aerospace & defense peer group is also "buy"

• Wall Street's median 12-month price target for General Electric Co is $260.00, about 2.4% below its last closing price of $266.18

This summary was machine generated from LSEG data July 17 at 01:31 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)