Reports Q2 revenue $16.7B, consensus $15B. Reports Q2 total orders $22B, up 59%. GE Chairman and CEO and GE Aerospace CEO H. Lawrence Culp, Jr. said, “GE’s second-quarter performance was strong, building on our first-quarter momentum and marking a solid first half of the year. Orders and revenue grew double digits, led by robust services growth across our portfolio, increased demand at GE Aerospace and record Renewable Energy orders. Today, we are raising our full-year guidance as market strength and the lean transformation within our more focused businesses drive significant profit and cash improvement across GE.”
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See Insiders’ Hot Stocks on TipRanks >>
Read More on GE:
- General Electric (NYSE:GE) Stock Soars to a New 6-Year High; Here’s Why
- Notable companies reporting before tomorrow’s open
- GE stock hotter than Apple, more than doubles from year ago, WSJ says
- General Electric (GE) Q2 Earnings Cheat Sheet
- XPO Logistics CFO Carl Anderson to step down, Kyle Wismans to succeed