Investing.com - General Electric (NYSE:GE) reported third quarter earnings that missed analyst's expectations on Tuesday and revenue that fell short of forecasts.
The firm reported earnings per share of $0.14 on revenue of $29.6B. Analysts polled by Investing.com forecast EPS of $0.2 on revenue of $29.74B. That compared to EPS of $0.29 on revenue of $31.33B in the same period a year earlier. The company had reported EPS of $0.19 on revenue of $30.1B in the previous quarter.
For the year, General Electric shares are down 36.05%, under-performing the S&P Global (NYSE:SPGI) 100 which is down 3.5% year to date.
General Electric follows other major Capital Goods sector earnings this month
On Wednesday, October 24, 2018, Boeing (NYSE:BA) reported third quarter EPS of $3.58 on revenue of $25.15B, compared to forecasts of EPS of $3.47 on revenue of $23.89B.
3M (NYSE:MMM) earnings matched analyst's expectations on Tuesday, October 23, 2018, with third quarter EPS of $2.58 on revenue of $8.15B. Investing.com analysts expected EPS of $2.58 on revenue of $8.41B
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