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Q4 Earnings Roundup: GE Aerospace (NYSE:GE) And The Rest Of The General Industrial Machinery Segment [Yahoo! Finance]
Last ge aerospace earnings: 4/30 04:02 pm
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US:NYSE Investor Relations: ge.com/investor-relations/overview
Automation that increases efficiency and connected equipment that collects analyzable data have been trending, creating new demand for general industrial machinery companies. Those who innovate and create digitized solutions can spur sales and speed up replacement cycles, but all general industrial machinery companies are still at the whim of economic cycles. Consumer spending and interest rates, for example, can greatly impact the industrial production that drives demand for these companies' offerings. The 14 general industrial machinery stocks we track reported a satisfactory Q4. As a group, revenues beat analysts' consensus estimates by 2.9% while next quarter's revenue guidance was in line. Amidst this news, share prices of the companies have had a rough stretch. On average, they are down 12.5% since the latest earnings results. GE Aerospace (NYSE:GE) One of the original 12 companies on the Dow Jones Industrial Average, General Electric (NYSE:GE) is a multinational conglo
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