misses. GE $(GE)$ is scheduled

2022-07-24

misses.

GE $(GE)$ is scheduled to report earnings for the quarter through June on July 26, before the opening bell.

The company, which will be losing its industrial conglomerate status given its plan to split into three independent companies by early 2024, has beat profit expectations the past five quarters, while at the same time missing revenue forecasts.

Investors have been especially disappointed in the past two quarterly reports, as the stock tumbled 10.3% the day the company reported first-quarter results and slumped 6.0% after fourth-quarter 2021 results.

Perhaps that's why Wall Street has been preparing for another disappointing report.

The stock inched up 0.1% to $68.19 on Friday to log a sixth straight gain. Although it has run up 11.6% during its win streak, the streak started after the stock closed at a 20-month low of $61.09 on July 14.

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Comments

hh488
2022-07-24
hh488
Wow, continuing down since the earlier split from 100!
Nongren
2022-07-25
Nongren
[捂脸]
DoggoFan
2022-07-24
DoggoFan
Keep it up
quantarize
2022-07-24
quantarize
ok
DuoMaxwell
2022-07-24
DuoMaxwell
[smile]
wallence82
2022-07-24
wallence82
ok

Leave a comment

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