Fall

General Electric's disastrous earnings report caught traders off guard

8 monthes 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

8 monthes 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

8 monthes 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  


UAE announces new rules for tourist visas to boost tourism during off peak...

UAE announces new rules for tourist visas to boost tourism during off peak season

United Arab Emirates has announced the new rules for tourist visas. This fee exemption will be applicable between July 15 and September 15 every year. It is expected to... Read more ...

New video of the Thai soccer team shows them thanking their rescuers and...

New video of the Thai soccer team shows them thanking their rescuers and wishing for their favorite foods, including BBQ pork and KFC

Screenshot/Channel News Asia The 12 rescued members of a Thai soccer team and their coach who were rescued from a cave last week have recorded thank you messages. The video was... Read more ...

Brilliant Mbappé, insane Varane, and a Floyd Mayweather spirit - This is...

Brilliant Mbappé, insane Varane, and a Floyd Mayweather spirit - This is everything you need to know about how France won the 2018 World Cup

Getty Images France has done it. France is the 2018 FIFA World Cup champions. Fate handed the French a gauntlet run of juggernaut knockout opponents but Les Bleus found a way... Read more ...

Fans rush the field during one of the most thrilling segments of the World...

Fans rush the field during one of the most thrilling segments of the World Cup Final and stop play

Ryan Pierse/Getty Fans rushed the field during the World Cup Final on Sunday, momentarily stopping play. The delay came just as Croatia started a counter attack after a missed... Read more ...

Brutal chart shows how much more efficient France was than Croatia in the...

Brutal chart shows how much more efficient France was than Croatia in the World Cup Final

Matthias Schrader/AP France's offensive attack was far more efficient than Croatia in the World Cup Final, and it proved to be part of the difference in the win. Croatia took... Read more ...

Judicial appointments in Europe rarely provoke the kind of battle that is...

Judicial appointments in Europe rarely provoke the kind of battle that is likely to play out now in Washington

Trump 's conservative Supreme Court bench, which would be completed by his nomination of Brett Kavanaugh , could overrule Roe v. Wade , eliminating women's constitutional right... Read more ...

Trump congratulates Putin on hosting the World Cup: 'one of the best ever!'

Trump congratulates Putin on hosting the World Cup: 'one of the best ever!'

MIKHAIL KLIMENTYEV/AFP/Getty Images President Donald Trump tweeted Sunday to congratulate the winners of the 2018 World Cup. On that list, he included Russian President... Read more ...

Formula E Storms A Wet New York City 

Formula E Storms A Wet New York City 

It was a hot and dry day on Saturday for the first of Formula E's double header races in New York City this weekend, and it turned out to be an eventful day. As the NYC race... Read more ...

What Trump and Putin hope to get out of their big Helsinki summit on Monday

What Trump and Putin hope to get out of their big Helsinki summit on Monday

AP President Donald Trump will head into his first summit with Vladimir Putin without a clear agenda and little preparation. Lawmakers have called on Trump to cancel the summit... Read more ...

Trump, guarded by snipers, golfs at his course in Scotland before his big...

Trump, guarded by snipers, golfs at his course in Scotland before his big meeting with Putin

AP Photo/Peter Morrison President Donald Trump went golfing at one of his resorts in Scotland over the weekend, ahead of his big face-to-face meeting with Russian President... Read more ...