General Electric Earnings miss, Revenue beats In Q2

© Reuters. General Electric Earnings miss, Revenue beats In Q2 – General Electric (NYSE:) reported on Wednesday second quarter that missed analysts’ forecasts and revenue that topped expectations.

General Electric announced earnings per share of $-0.15 on revenue of $17.75B. Analysts polled by anticipated EPS of $-0.1 on revenue of $17B.

General Electric shares are down 38% from the beginning of the year and are trading at $6.89 , down-from-52-week-high.They are under-performing the which is down 0.38% from the start of the year.

General Electric follows other major Capital Goods sector earnings this month

General Electric’s report follows an earnings missed by ASML ADR on July 15, who reported EPS of $2.04 on revenue of $3.8B, compared to forecasts EPS of $2.25 on revenue of $3.8B.

Lockheed Martin had beat expectations on July 21 with second quarter EPS of $5.79 on revenue of $16.22B, compared to forecast for EPS of $5.72 on revenue of $15.23B.

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