The Earnings Whisper Score gives the statistical odds for the stock ahead of earnings. Looking forward, we expect earnings and cash to improve in the second half of 2020 as end markets stabilize, our cost and cash actions take hold and decrementals improve. Of note, while earnings was negative $(0.15) and Industrial free cash flow was negative at $(2.1)B, our Industrial free cash flow came in almost $2B better than the midpoint of the guide we provided at a conference in May. Creating the energy technologies of the future and improving the power networks that we depend on today. We are accelerating our transformation to make GE stronger and drive long-term, profitable growth." At GE, we rise to the challenge of building a world that works. Revenue: $17.7 billion vs $17.12 billion forecast; Loss per share: 15 cents per share vs a loss of 10 cents per share expected by a Refinitiv survey of analysts Learn more about our culture, businesses, and life at GE. ... we saw revenue down 20% organically due to lower volume across all businesses. Revenue from power came in at $4.16 billion and renewable energy raked in $3.51 billion, both topping FactSet estimates. Get this delivered to your inbox, and more info about our products and services. Commercializing GE’s technology and IP to accelerate growth and achieve market differentiation. "Our earnings performance was impacted by the ongoing impact of COVID-19 on our businesses, but Industrial free cash flow was better than our expectations and previously communicated range," CEO Larry Culp said in a statement. Important information about our forward-looking statements. GE Revenue as of today (December 06, 2020) is $83,928 Mil. GE's Revenue . General Electric Company (GE) is an American multinational conglomerate incorporated in New York City and headquartered in Boston.As of 2018, the company operates through the following segments: aviation, healthcare, power, renewable energy, digital industry, additive manufacturing and venture capital and finance.. General Electric (GE) reports earnings on 1/27/2021. ... (February 24, 2020). Accomplished leaders building GE’s legacy. However, the industrial giant's bottom line took a bigger-than-expected hit as the company tries to weather the coronavirus pandemic. Based on the number of new installations, the company became the top manufacturer of wind turbines in the United States in 2018. General Electric (GE) Q2 2020 Earnings Call Transcript GE earnings call for the period ending June 30, 2020. Contact information for general inquiries and feedback. We’re deeply proud of GE employees around the world rising to the challenge. Access the latest press releases, media contacts, and press tools. Subscribe to CNBC PRO for exclusive insights and analysis, and live business day programming from around the world. Explore a timeline of GE technologies that have spurred transformation across the world. The revenue cycle management market is estimated to grow at a CAGR of 12.9% in the forecasting period, from a base value of $71.11 billion in 2020 to $147.27 billion in 2026. Explore a career with us. GE's innovation engine where ideas become reality to create a better world and deliver differentiated tech across the company's industrial portfolio. In Healthcare, demand for COVID-19 related products remained elevated in 2Q’20, but we saw pressure on our Pharmaceutical Diagnostics business. For this quarter, we thought it would be helpful to point out a handful of key disclosures/process improvements: As Larry said today, "We're working through a still-difficult COVID-19 environment, and while it's too early to predict the trajectory for the recovery of commercial aviation, we continue to plan for a prolonged return to prior levels of activity. Revenue fell 17% to $19.42 billion, but was above the FactSet consensus of $18.73 billion. Aviation revenue sank 44% to $4.38 billion as the air-travel collapse added to Boeing 737 Max grounding woes. Read the results of the 2020 GE Global Innovation Barometer, titled “Pride and Protectionism: A Quest for Innovation Agency.”. These non-GAAP financial measures supplement our GAAP disclosures and should not be considered an alternative to the GAAP measure. Key points on GE’s financial performance this quarter: Our CEO Larry Culp said, “The GE team remains focused on protecting the safety of our people, serving our customers and communities, and preserving our strengths, and I want to thank all of my colleagues for their tireless efforts. GE releases its 2Q 2020 Results. Furthermore, we are launching a program to fully monetize our Baker Hughes position over approximately three years. That said, we’re seeing some early signs of improvement in our end markets and businesses with GE/CFM departures now down less than (50)% below our January baseline, Healthcare scans recovering to near our 4Q baseline in July, and accelerated cost out measures executed in Power and Renewable Energy. GE Has Cashed In Its Bio-pharmaceuticals Business. Read the latest GE financial news releases and stories. October 28, 2020. For the nine months ended September 30, 2020, Consolidated revenues were down $11.3 billion, driven by decreased GE Industrial revenues of $10.4 billion and decreased GE Capital revenues of $1.2 billion. General Electric Company Common Stock (GE) Revenue EPS : Previous 3 Years Next 3 Years. During the second quarter, GE reduced near-term liquidity needs by $10.5 billion through a series of GE and GE Capital debt offerings and repayments that GE expects to be leverage neutral by the end of 2021. We connect capital to infrastructure and deliver innovative financial solutions that help make the world work better. General Electric on Wednesday reported a revenue figure for the second quarter that slightly beat analyst expectations. Explore GE’s recent and historic SEC filings. We want to hear from you. We expect to return to positive Industrial free cash flow in 2021. I hope you and your families remain safe and healthy. 2:08 GE Sees 10%-20% Annual Revenue Growth in Latin America Through 2020 By Jeffrey T. Lewis SAO PAULO—U.S. Find out the revenue, expenses and profit or loss over the last fiscal year. Do the numbers hold clues to what lies ahead for the stock? We made faster progress on elements within our control, including our targeted cost and cash preservation actions." Steve Get the detailed quarterly/annual income statement for General Electric Company (GE). GE Healthcare, which has about 6,000 employees in metro Milwaukee, continues to be a bright spot for General Electric Co. with GE CEO Larry Culp saying the unit has opportunities to grow. As part of our efforts to mitigate the financial impact of COVID-19, we made progress on the $2B+ of cost actions and $3B+ of cash actions targeted for 2020, completing more than a third to date. Induction Lamps Market 2020, Share, Size, Research Report, Growth Trends, Revenue, Segmentation | Companies like GE Lighting, Philips Lumec, Mahindra Hinoday, ItalTesla, Neptun Light. Global Business and Financial News, Stock Quotes, and Market Data and Analysis. This compares to earnings of $0.22 per share a year ago. Certain of these data are considered “non-GAAP financial measures” under the U.S. Securities and Exchange Commission rules. Our technology, global network, and exceptional team is fueled by a mission—building a world that works. Back to GE Overview ©2020, EDGAR®Online, a division of Donnelley Financial Solutions. In Aviation and GECAS specifically, it’s no surprise that we’ve seen a steep decline in commercial demand due to COVID-19. GE posted total revenue of $20.524 billion, which represents a year-over-year decline of 8%. The reasons we use these non-GAAP financial measures and the reconciliations to their most directly comparable GAAP financial measures are included in our quarterly report on Form 10-Q and the GE earnings supplemental information package posted to the investor relations section of our website at www.ge.com, as applicable. In addition, as Larry highlights in the press release, we expect to return to positive free cash flow in 2021. GE | Complete General Electric Co. stock news by MarketWatch. General Electric reported a revenue figure that slightly beat analyst expectations. Year to date, GE has reduced debt by $9.1 billion—including $7.8 billion in GE Industrial net debt* and $1.3 billion in GE Capital debt—and by approximately $22 billion since the beginning of 2019. Total revenues (GAAP) $19.4B, (17)%; Industrial organic revenues* $17.9B, (12)%. GE's revenue from its Renewable Energy division grew by 4% in 2018. Building momentum amidst still-difficult environment. 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