Investing.com - General Electric (NYSE:GE) reported on Wednesday fourth quarter earnings that beat analysts' forecasts and revenue that topped expectations.
General Electric announced earnings per share of $0.21 on revenue of $26.24B. Analysts polled by Investing.com anticipated EPS of $0.17 on revenue of $25.51B. That with comparison to EPS of $0.16 on revenue of $33.28B in the same period a year before.General Electric had reported EPS of $0.15 on revenue of $23.36B in the previous quarter.Analysts are expecting EPS of $0.14 and revenue of $22.35B in the upcoming quarter.
General Electric shares are up 5% from the beginning of the year and are trading at $11.73 , down-from-52-week-high.They are outperforming the S&P Global (NYSE:SPGI) 100 which is down 0% year to date.
General Electric follows other major Capital Goods sector earnings this month
General Electric's report follows an earnings beat by United Technologies on Tuesday, who reported EPS of $1.94 on revenue of $19.55B, compared to forecasts EPS of $1.84 on revenue of $19.4B.
ASML ADR had missed expectations on Wednesday, January 22, 2020 with fourth quarter EPS of $2.99 on revenue of $4.47B, compared to forecast for EPS of $3.01 on revenue of $4.35B.
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