General Electric (GE) Tops Q2 EPS by 40c
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General Electric (GE) Beats Expectations But Free Cashflow Outlook Under Pressure
July 26, 2022 11:16 AM EDTGeneral Electric (NYSE: GE) reported earnings before the bell Tuesday, topping earnings and revenue expectations, sending its stock over 6.5% higher.
The company reported second-quarter EPS of $0.78, $0.40 better than the analyst estimate of $0.38. Revenue for the quarter came in at $17.9 billion versus the consensus estimate of $17.38 billion.
Here is how analysts reacted to the report:
BofA analyst Andrew Obin told investors that the company's second quarter was a "strong beat, but working capital drags 2022 FCF."
"GE reported 2Q... More
