Why GE's Results Aren't as Bad as the Market Thinks
Before Larry Culp took over as CEO of General Electric (NYSE: GE) in 2018, the company had a reputation for overpromising and underdelivering. The two previous CEOs left the company clinging to guidance that it wasn't going to meet.
But since then, Culp, ably supported by chief financial officer Carolina Dybeck Happe, has changed that perception, and the company is now known for exceeding guidance that initially looks conservative. It's a key consideration when looking at GE's latest fourth-quarter earnings results. Here's why.
That subheading pretty much sums it up. I'll get to the guidance later, but first, the revenue miss. GE faced plenty of headwinds in the fourth quarter, and it significantly missed the revenue guidance given in the third quarter. On the other hand, GE's key guidance for 2022 puts it slap bang in the middle of the fairway where it needs to be to achieve its aims.
Source Fool.com
