General Electric Co.

NYSE:GE   3:59:59 PM EDT
13.09
-0.26 (-1.95%)
4:37:02 PM EDT: $13.08 -0.02 (-0.12%)
Other Pre-Announcement

GE Reports Q1 Adjusted Earnings Of $0.03/Sshare

Published: 04/27/2021 10:45 GMT
General Electric Co. (GE) - Quarterly Continuing EPS (GAAP) of $0.00.
Quarterly Adjusted EPS $0.03.
Quarterly Total Revenues (GAAP) $17.1 Billion.
Q1 Earnings per Share View $0.01, Revenue View $17.52 Billion -- Refinitiv Ibes Data (analyst estimates).
Sees 2021 GE Industrial Revenues to Grow Organically in the Low-single-digit Range.
Quarterly Total GAAP Revenue Down 12%.
Sees 2021 Adjusted Earnings per Share of $0.15 to $0.25.
Quarterly Aviation Revenue Were $4,992 Million Versus $6,892 Million, Reported Last Year.
Expects 2021 Adjusted GE Industrial Profit Margin to Expand Organically by 250-plus Basis Points.
Expects 2021 GE Industrial Free Cash Flow of $2.5 Billion to $4.5 Billion.
Says Are Shifting More Toward Offense and Capturing Opportunities in the Energy Transition, Precision Health, and Future of Flight.
Effective April 1, GE Discontinued Majority of Factoring Programs.
Says Confident We Are Well Positioned to Drive Profitable Growth, Achieving High Single Digit Free Cash Flow Margins Over Time.
Quarterly Industrial Organic Revenue $16.02 Billion, Down 10%.
Expected Industrial Cfoa Impact Will Be About $3.5 Billion to $4 Billion With the Majority Felt in the Second Quarter.
Says GE Capital Recorded Charges of $0.3 Billion in Run-off Polish Mortgage Portfolio in Quarter, Reflecting Estimates for Ongoing Litigation, Market Yields.
FY2021 Earnings per Share View $0.24 -- Refinitiv Ibes Data (analyst estimates).