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.

Why General Electric Stock Crashed Today

TheMotleyFool

0 0

Why General Electric Stock Crashed Today

Shares of General Electric (NYSE: GE)were down by 7% as of 12:06 p.m. ET Tuesday after the industrial giant (soon to become three smaller industrial companies) beat earnings expectations for its fiscal fourth quarter -- but missed badly on revenue.

Ahead of the report, analysts had forecast an $0.87 per share pro forma profit for General Electric, and it beat that number handily, earning $0.92 per share. On the top line, however, analysts were looking for $21.5 billion, but GE came up short with $20.3 billion.

Cue the sell-off.

Source Fool.com

Like: 0

Share