Street Numbers will probally lower due to guidance by GE Management. This may happen while business increases. Next quarter should be a major beat in all areas by GE. Stock price will rise if this happens.
Imelt misspoke or was misquoted when he said future tough environment,he was referring to past and possibly present times, no one can foretell the future but that was enough to make investors nervous. T
You honestly have no idea what you're talking about. They certainly are able to see the future, quite clearly I might add, out twelve months, give or take. And Immelt never misspeaks; he says exacty what's on his mind. Unfortunately, it's usually wrong.
Yes, the second half is best for GE eranings in addition there are good signs ahead>>>>>>>>>
There were some bright spots during the quarter. Profits rose in GE's energy unit that makes products like power plant turbines and gas pipeline equipment. GE is currently filling a $3 billion order from Iraq for gas turbines and expects to see its business making wind energy turbines pick up soon as governments start spending more on clean energy stimulus projects. Revenues also rose sharply in markets like China and India.
GE has already met its goal of raising $45 billion from debt sales this year and pre-funded a third of its planned debt issuance for next year. That's an indication that credit markets may be regaining some of their vigor.
The company has also been shrinking its size and cutting costs -- it trimmed costs by $3 billion during the quarter, moves that helped temper the effect of lower revenues.