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Stock impact report

Earnings Outlook: GE earnings: Can it possibly get any worse? [MarketWatch]

GE Aerospace (GE) 
Last ge aerospace earnings: 4/30 04:02 pm Check Earnings Report
US:NYSE Investor Relations: ge.com/investor-relations/overview
Company Research Source: MarketWatch
GE earnings: Can it possibly get any worse? Can it possibly get any worse for General Electric Co.? Investors will find out when the struggling industrial conglomerate reports fourth-quarter results before Wednesday’s open. The last quarterly report, was a big surprise for investors, as GE missed earnings expectations for the first time in 10 quarters, but the stock erased an early loss to end higher on the day of the report for the first time in eight quarters. Read more about how GE’s profit miss and the stock’s bounce was a shock . However, the stock’s strength proved very short lived, as it fell for the next nine sessions—the longest losing streak in eight years. The outlook for the shares got even uglier after new Chief Executive John Flannery unveiled the company’s transformation plan in mid-November, with the stock taking a particular hit a shockingly large loss for its legacy insurance b usiness was revealed. The stock dropped 1.1% in afternoon trade Monday, putting it on trac Show less Read more
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