General Electric Stock Slides After Q1 Earnings Beat, 2022 Guide

Up to date at 7:03 am EST

Normal Electrical  (GE) – Get Normal Electrical Firm Report posted better-than-expected first quarter earnings Tuesday, whereas confirming its full-year revenue steering and noting that its historic plans to separate the group into three separate corporations stays on monitor. 

Normal Electrical stated adjusted non-GAAP earnings for the three months ending in March had been pegged at 24 cents per share, a determine that was basically flat to final 12 months however forward of the Avenue consensus forecast of 19 cents per share. Group revenues, Normal Electrical stated, had been additionally little-changed from final 12 months at $17 billion, however got here in modestly greater than analysts’ estimates of a $16.9 billion tally.

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