Fall

General Electric's disastrous earnings report caught traders off guard

29 days ago   |   By

General Electric is paying the price for a poor earnings season, which saw it cut forward guidance
Options traders were woefully unhedged for the drop, while short sellers weren't effectively positioned to profit from the decline
General Electric 's stock is getting whacked after the company fell short of analyst estimates and slashed its forecast.
And to make matters worse, traders weren't braced for a drop that stretched as deep as 6.3% in the company's shares on Friday, a loss that has the stock at its lowest level in more than four years.
They were paying the lowest premium in eight...
Read more ...

 

GE is getting smoked after missing big on earnings

GE is getting smoked after missing big on earnings

29 days ago   |   By

Markest Insider
Shares of General Electric are down 6.91% to $21.96 after the company reported disappointing earnings and slashed forecasts.
GE reported an adjusted profit of $0.29 per share, much lower than the $0.49 per share expected by Wall Street.
The company also cut its profit forecasts for the year to $1.05-$1.10 from $1.60-$1.70, a 34% drop.
GE said a lot of its costs are coming from new CEO John Flannery's restructuring plan.
Read more ...

 

General Electric misses big on earnings

General Electric misses big on earnings

29 days ago   |   By

Wikimedia Commons
General Electric earned an adjusted $0.29 a share, well below the $0.49 that Wall Street was expecting.
Shares fell nearly 5% after the results.
- General Electric Co on Friday reported a steep drop in profit, missing consensus estimates by 20 cents per share and sending its stock sharply lower in pre-market trading.
GE reported adjusted profit of 29 cents a share compared with the 49 cents a share analysts had expected, according to a consensus of estimates from Thomson Reuters I/B/E/S.
GE shares were down 4.6 percent at $22.50 in premarket trading.
GE said weak...
Read more ...

 


Search by Tags

   Fall      Business      Stocks      Stock Market      Options      Options trading      GE      General Electric      Earnings      Stock price      Earnings Calendar      Wellness  


Toyota Denies Porsche One Last Win In Bahrain Despite Toyota Driver Breaking...

Toyota Denies Porsche One Last Win In Bahrain Despite Toyota Driver Breaking A Toe

You know who I don't want to meet in a fight? A Le Mans prototype driver. Between the 6 Hours of Bahrain's overall winner Anthony Davidson driving with a broken toe and LMP2... Read more ...

Inside the marriage of LeBron and Savannah James, who met in high school...

Inside the marriage of LeBron and Savannah James, who met in high school, had their first date at Outback Steakhouse, and are now worth $86 million

Donald Traill/AP Images • LeBron James and his wife Savannah met in high school and have been together ever since. • They became engaged at a star-studded New Year's Eve bash... Read more ...

Virgin Trains: Beat Black Friday on the East Coast with Virgin Trains' half...

Virgin Trains: Beat Black Friday on the East Coast with Virgin Trains' half price seat sale

Black Friday will come early for customers on Virgin Trains' east coast on Monday November 20, when 300,000 discounted tickets, including 250,000 Standard and 50,000 First... Read more ...

Roku has tripled since going public - and traders betting against the stock...

Roku has tripled since going public - and traders betting against the stock are getting crushed

Reuters / Brendan McDermid Roku has tripled since going public in late September, spiking on Monday after reporting sales that beat Wall Street estimates. Traders betting... Read more ...

People have stopped paying their car loans, and it's a risk to a $200...

People have stopped paying their car loans, and it's a risk to a $200 billion market

Flickr/minicooper93402 Wall Street has been worried about the subprime-auto-loan market for some time . New research from the New York Federal Reserve found a spike in the... Read more ...

This $40 million robotic 'plantscraper' will feed over 5,000 people per year

This $40 million robotic 'plantscraper' will feed over 5,000 people per year

Plantagon By 2050, the world's population is expected to swell to 9.6 billion , with around 66% living in urban areas. This projection is leaving many cities wondering how they... Read more ...

GoAir expands operations with 30 additional flights

GoAir expands operations with 30 additional flights

GoAir, one of India's fastest growing airlines, today announced its all-new additional flights for the winter schedule effective from 23 rd November, 2017. Read more ...

Delta, Korean Air joint venture granted approval by U.S. DOT

Delta, Korean Air joint venture granted approval by U.S. DOT

Today, Delta Air Lines and Korean Air took a significant step in the creation of their trans-Pacific joint venture with approval of the joint venture by the U.S. Department of... Read more ...

Apple is struggling to make and meet promises about when it will ship new...

Apple is struggling to make and meet promises about when it will ship new products - and the HomePod is only the latest example

Getty/Stephen Lam Apple had shown a growing tendency to delay or make vague promises about when it will deliver new products. The latest example is with its HomePod smart... Read more ...

Travel And Tour World | 18.November.2017

Travel And Tour World | 18.November.2017

View this email on the web here Travel And Tour World - Global News Global travel and tourism news on your desktop Date: 18.11.2017 Travel News of the Day: Lenin Agricultural... Read more ...