General Electric Earnings Beat, Revenue Misses In Q4

General Electric

General Electric (NYSE: GE) is trading up 0.63% at 96.91

General Electric (NYSE: GE) reported on Tuesday fourth quarter earnings that beat analysts’ forecasts and revenue that fell short of expectations.

General Electric announced earnings per share of $0.92 on revenue of $20.3B. Analysts polled by Investing.com anticipated EPS of $0.8458 on revenue of $21.34B.

General Electric shares are up 2% from the beginning of the year, still down 16.58% from its 52-week high of $116.17 set on November 9, 2021. They are outperforming the S&P Global 100 which is down 5.85% from the start of the year.

General Electric follows other major Industrial sector earnings this month.

General Electric’s report follows earnings beat by Union Pacific on Thursday, who reported EPS of $2.66 on revenue of $5.73B, compared to forecasts EPS of $2.61 on revenue of $5.6B.

CSX had beat expectations on Thursday with fourth-quarter EPS of $0.42 on revenue of $3.43B, compared to forecast for EPS of $0.4144 on revenue of $3.32B.

On technical fronts General Electric (NYSE: GE) RSI stood at 44.96 and currently stock is trading below all MA. So, the SELL position can be taken with the following target and stop-loss:

TRADE SIGNAL – : General Electric (NYSE:GE) – SELL: 96.91, TARGET: 92.92, STOP LOSS : 99.10

About Author

Related posts

Leave a Reply