Free Post Earnings Research Report: General Electric’s Quarterly Earnings Advanced 14.29%

Stock Monitor: Crane Post Earnings Reporting

LONDON, UK / ACCESSWIRE / May 02, 2018 / Active-Investors.com has just released a free earnings report on General Electric Co. (NYSE: GE) ("GE"). If you want access to this report all you need to do is sign up now by clicking the following link www.active-investors.com/registration-sg/?symbol=GE. The Company reported its financial results on April 20, 2018, for the first quarter of the fiscal year 2018 ended March 31, 2018. The Company surpassed analysts' consensus estimates for earnings and revenues in Q1 FY18. Register today and get access to over 1000 Free Research Reports by joining our site below:

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Active-Investors.com is focused on giving you timely information and the inside line on companies that matter to you. This morning, General Electric most recent news is on our radar and our team decided to put out a fantastic report on the company that is now available for free below:

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Earnings Highlights and Summary

For Q1 FY18, GE's total revenues reached $28.66 billion, reflecting an increase of 6.62% from $26.88 billion in Q1 FY17, led by a strong performance in aviation, healthcare, renewables, and transportation segments. GE's Industrial segment had consolidated revenues of $27.4 billion, while its Capital segment had revenues of $2.17 billion in the quarter under review. The Company's total revenue numbers exceeded analysts' consensus estimates by $1.14 billion.

GE incurred total costs and expenses of $28.45 billion in Q1 FY18, up 4.87% from $27.13 billion in Q1 FY17. The Company had GAAP operating earnings of $909 million in the quarter under review compared to $544 million in the previous year's same quarter.

GE's earnings from continuing operations attributable to common shareowners were $369 million in Q1 FY18, an increase of 202.46% from $122 million in Q1 FY17. The Company's diluted earnings per share (EPS) from continuing operations also rose 300% to $0.04 in the reported quarter from $0.01 in the previous year's comparable quarter. The reported earnings included gains and impairments for businesses held for sale, restructuring charges, and the impact from the enactment of the US Tax Cuts and Jobs Act 2017 (TCJA). GE's adjusted diluted EPS, excluding these non-recurring items, were $0.16 in Q1 FY18, up 14.29% from $0.14 in Q1 FY17. This exceeded analysts' consensus estimates by $0.04. GE's Industrial segment had an adjusted operating EPS of $0.18, whereas GE's Capital segment had an adjusted loss per share of $0.02 in Q1 FY18.

Segment Details

During Q1 FY18, GE's Power segment's revenues were $7.22 billion, a decrease of 9.04% y-o-y. The segment had a profit of $273 million in the reported quarter, 37.67% lower than $438 million in the previous year's corresponding quarter.

GE's Renewable Energy segment reported revenues of $1.65 billion in Q1 FY18, 6.85% lower than in the previous year's same quarter. The segment had a profit of $77 million in Q1 FY18, an increase of 10% from $70 million in Q1 FY17.

For the quarter ended March 31, 2018, GE's Oil & Gas segment's revenues were $5.39 billion, an increase of 74.50% y-o-y. However, the segment had a loss of $144 million in Q1 FY18 compared to a profit of $260 million in Q1 FY17.

For Q1 FY18, GE's Aviation segment generated revenues of $7.11 billion, up 6.58% from the prior year's comparable quarter. The segment had a profit of $1.60 billion in Q1 FY18, 25.92% higher than $1.27 billion in Q1 FY17.

During Q1 FY18, GE's Healthcare segment's revenues were $4.70 billion, an increase of 9.22% y-o-y. The segment had a profit of $735 million in the reported quarter, 11.20% higher than $661 million in the previous year's corresponding quarter.

GE's Transportation segment reported revenues of $872 million in Q1 FY18, a decrease of 10.93% from the previous year's same quarter. However, the segment's profit increased 36.84% to $130 million in Q1 FY18 from $95 million in Q1 FY17.

For the quarter ended March 31, 2018, GE's Lighting segment's revenues were $456 million, a decrease of 1.30% y-o-y. The segment had a profit of $1 million in Q1 FY18 versus a profit of $10 million in Q1 FY17.

GE's Capital segment reported revenues of $2.17 billion in Q1 FY18, a decrease of 18.95% from $2.68 billion in Q1 FY17. The segment had a loss of $215 million in Q1 FY18 compared to $47 million in Q1 FY17.

Cash Matters

GE had cash, cash equivalents, and restricted cash and marketable securities of $69.30 billion as on March 31, 2018, 16.20% lower than $82.70 million as on December 31, 2017. Of this, GE's Industrial segment had cash and cash equivalents of $13.70 billion, while GE's Capital segment had cash and cash equivalents of $55.70 billion as on March 31, 2018.

For the three months ended March 31, 2018, GE's cash outflow from operating activities was $1.01 billion compared to a cash inflow from operating activities of $368 million in the three months ended March 31, 2017. On a non-GAAP basis, GE's Industrial segment had an adjusted free cash outflow of $1.68 billion in Q1 FY18 compared to $2.75 billion in Q1 FY17.

Stock Performance Snapshot

May 01, 2018 - At Tuesday's closing bell, General Electric's stock marginally dropped 0.14%, ending the trading session at $14.05.

Volume traded for the day: 51.24 million shares.

Stock performance in the last month – up 7.09%

After yesterday's close, General Electric's market cap was at $121.97 billion.

The stock has a dividend yield of 3.42%.

The stock is part of the Industrial Goods sector, categorized under the Diversified Machinery industry.

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