Research archive for GE

General Electric released results that were a meet, not a beat, at least on the bottom line, prior to the market opening on Friday. Revenue beat expectations (but were flat year on year), but EPS came in at 31 cents per share, understandably the markets were disappointed the stock sank nearly two percent, versus a market that was rocking. Here is the press release that will give you a little more insight -> GE Delivers $0.31 Operating EPS Excluding Effects of Preferred Redemption, Up 11%;

Byron's beats has another look at a recommended stock of ours that reported. General Electric. The company was founded in 1892 and was one of the original Dow components and the only one left in the current form out of those 12. Some do not exist anymore, like the U.S. Leather Company which I can imagine was useful when everyone wanted leather boots and saddles. Strangely some of the other original entrants were broken up, because they were too big or too powerful. But, GE has kept up and changed and morphed with the times. Strangely all the share splits along the way are worth noting. One GE share in 1929 is 1152 shares today. Amazing, is it not?

General Electric. Numbers for the fourth quarter and full year on Friday, I commented to my colleagues that it was nothing short of amazing that by the third week after your full year, you were able to release those numbers. The market participants clearly liked what they saw, sending the stock to levels last seen in October 2008. When days were dark, friends were non-existent and the Mayans had meant to say 2008, and not 2012. On the session the stock was up 7.11 percent to 19.74. Oh, and just for the record while we are talking about price, you can get the premier industrial conglomerate for 27 percent less than a DECADE AGO.

General Electric missed on revenue (by what seemed quite a bit) but beat on earnings by a couple of cents. The reason for the revenue miss, as per the official release was that "revenues were impacted by lower equipment sales and reduced GE Capital assets." The stock was crushed five percent, down to 16.20 by session end. Although these results, described as uninspiring by some of the analysts out there, the reason for owning them remains, as I agree with chief Jeff Immelt, who reckons that the single biggest theme of our time of still energy.

General Electric announcing two separate deals yesterday. The first one was that GE was buying a business called Dresser for three billion Dollars. Dresser makes gas engines that are used in the oil and gas industry and in the mining industry. Dresser derives 60 percent of their revenues outside of North America, which adds to their "global footprint" as they say in the official release, with 85 percent of overall revenues from energy customers around the world. Natural gas fired engines? Check it out, it is all about getting energy to remote areas of the world: Dresser Waukesha.

OK, so the biggest event undoubtedly today is GE, and their Q1 earnings. Expectations are 16 cents per share. Is that right? Yip, for the full year analysts are expecting 102 US cents EPS. Lots of different moving parts here, the one that will still attract much interest will be the GE money segment, the financial services part of the business. Jeff Immelt is awesome. Deserves every penny he gets in my opinion.