BOSTON (AP) — General Electric Co. (GE) on Friday reported a first-quarter loss of $1.15 billion, after reporting a profit in the same period a year earlier.<\/p>\n
The Boston-based company said it had a loss of 14 cents per share. Earnings, adjusted to account for discontinued operations and non-recurring costs, came to 16 cents per share.<\/p>\n
The results surpassed Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 11 cents per share.<\/p>\n
The industrial conglomerate posted revenue of $28.66 billion in the period, also exceeding Street forecasts. Four analysts surveyed by Zacks expected $27.88 billion.<\/p>\n
GE expects full-year earnings in the range of $1 to $1.07 per share.<\/p>\n
GE shares have declined 20 per cent since the beginning of the year, while the Standard & Poor’s 500 index has risen almost 1 per cent. The stock has declined 53 per cent in the last 12 months.<\/p>\n
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This story was generated by Automated Insights (http:\/\/automatedinsights.com\/ap<\/a>) using data from Zacks Investment Research. Access a Zacks stock report on GE at https:\/\/www.zacks.com\/ap\/GE<\/a><\/p>\n","protected":false},"excerpt":{"rendered":" BOSTON (AP) — General Electric Co. (GE) on Friday reported a first-quarter loss of $1.15 billion, after reporting a profit in the same period a year earlier. The Boston-based company said it had a loss of 14 cents per share. Earnings, adjusted to account for discontinued operations and non-recurring costs, came to 16 cents per […]<\/p>\n","protected":false},"author":578,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[],"tags":[],"jetpack_featured_media_url":"","_links":{"self":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts\/6366"}],"collection":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/users\/578"}],"replies":[{"embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/comments?post=6366"}],"version-history":[{"count":1,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts\/6366\/revisions"}],"predecessor-version":[{"id":6367,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts\/6366\/revisions\/6367"}],"wp:attachment":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/media?parent=6366"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/categories?post=6366"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/tags?post=6366"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}