Microsoft strongly encourages users to switch to a different browser than Internet Explorer as it no longer meets modern web and security standards. Therefore we cannot guarantee that our site fully works in Internet Explorer. You can use Chrome or Firefox instead.

GE Stock Bears Are Grasping at Straws

TheMotleyFool

0 0

Late last month, General Electric (NYSE: GE) reported better-than-expected results for the second quarter of 2019. GE posted strong organic revenue growth and adjusted earnings per share came in at $0.17, well ahead of the average analyst estimate of $0.12. Most importantly, the company raised its full-year target for industrial free cash flow by $1 billion.

Despite the positive earnings news and guidance update, investors have dumped GE stock, causing it to fall 13% since the earnings report came out. That has pushed the share price back into single-digit territory.