Investing.com - General Electric (NYSE:GE) reported third quarter earnings that beat analysts' expectations on Wednesday and revenue that fell short of forecasts.
The firm reported earnings per share of $0.15 on revenue of $23.36B. Analysts polled by Investing.com forecast EPS of $0.12 on revenue of $28.9B. That compared to EPS of $0.14 on revenue of $29.57B in the same period a year earlier. The company had reported EPS of $0.17 on revenue of $28.83B in the previous quarter.
For the year, General Electric shares are up 24.59%, outperforming the S&P Global (NYSE:SPGI) 100 which is up 18.66% year to date.
General Electric follows other major Capital Goods sector earnings this month
On Wednesday, October 23, 2019, Boeing reported third quarter EPS of $1.45 on revenue of $19.98B, compared to forecasts of EPS of $2.07 on revenue of $19.6B.
Honeywell earnings beat analyst's expectations on Thursday, October 17, 2019, with third quarter EPS of $2.08 on revenue of $9.09B. Investing.com analysts expected EPS of $2.01 on revenue of $9.12B
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