General Electric: Entire First Quarter Improvement Due To President Trump's Tax Cut [Seeking Alpha]
GE Aerospace (GE)
Last ge aerospace earnings: 4/30 04:02 pm
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Source: Seeking Alpha
Apr.24.18 | About: General Electric (GE) Summary General Electric appears to have developed two forms of non-GAAP, one for statutory reporting and the other being what I will term the “non-GAAP-non-GAAP” result. The “non-GAAP--non-GAAP” result was used for 2017 front and center reporting to show the lower end of guidance was achieved, when EPS actually fell short of guidance by one cent. The “non-GAAP-non-GAAP” result was used again for 1st quarter 2018 to show the adjusted GE Industrial Operating Profit was up 15% on 2017, when in fact it was down 5%. Readers may be surprised to learn 1st quarter 2018 non-GAAP income before tax was lower than 1st quarter 2017. All upside was due President Trump’s tax cut. The GE Media Friendly Non-GAAP-Non-GAAP Result I believe one of the main reasons for manipulation of presentation of headline results is the enormous pressure from the media for companies to meet headline guidance. Make guidance by one cent and the media
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GE
Earnings
- 4/23/24 - Beat
GE
Sec Filings
- 4/23/24 - Form 10-Q
- 4/23/24 - Form 8-K
- 4/15/24 - Form 3
- GE's page on the SEC website