General Electric (NYSE:GE) reported its Q3 earnings results on Tuesday, October 25, 2022 at 06:30 AM.
Here’s what investors need to know about the announcement.
Earnings
General Electric missed estimated earnings by 30.0%, reporting an EPS of $0.35 versus an estimate of $0.5.
Revenue was up $655.00 million from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.4 which was followed by a 0.1% increase in the share price the next day.
Here’s a look at General Electric’s past performance:
| Quarter | Q2 2022 | Q1 2022 | Q4 2021 | Q3 2021 |
|---|---|---|---|---|
| EPS Estimate | 0.38 | 0.19 | 0.87 | 0.43 |
| EPS Actual | 0.78 | 0.24 | 0.92 | 0.57 |
| Revenue Estimate | 17.60B | 16.91B | 21.48B | 19.25B |
| Revenue Actual | 18.65B | 17.04B | 20.30B | 18.43B |
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
Guidance
General Electric management provided guidance for FY 2022, expecting earnings between $2.4 and $2.8 per share.
To track all earnings releases for General Electric visit their earnings calendar here.
This article was generated by Benzinga’s automated content engine and reviewed by an editor.
