Fall

General Electric's disastrous earnings report caught traders off guard

One year 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...
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GE is getting smoked after missing big on earnings

GE is getting smoked after missing big on earnings

One year 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.
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General Electric misses big on earnings

General Electric misses big on earnings

One year 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...
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