14.68 0.00 (0.00%)
After hours: 5:33PM EDT
|Bid||14.69 x 2200|
|Ask||14.70 x 10600|
|Day's Range||14.54 - 14.77|
|52 Week Range||12.73 - 29.60|
|PE Ratio (TTM)||N/A|
|Earnings Date||Jul 19, 2018 - Jul 23, 2018|
|Forward Dividend & Yield||0.48 (3.60%)|
|1y Target Est||17.12|
LOS ANGELES, CA / ACCESSWIRE / April 24, 2018 / The Schall Law Firm , a national shareholder rights litigation firm, announces the filing of a class action lawsuit against General Electric Company ("General ...
United Technologies reported better-than-expected Q1 earnings and raised full-year guidance, after GE and Honeywell handily beat estimates on aviation gains.
United Technologies Corporation (NYSE:UTX) rose in morning trading after reporting another earnings beat — before falling with the rest of the tech sector throughout the day. The industrial conglomerate blew away estimates in its Q1 report. UTX stock finds itself benefiting from higher earnings as defense spending rises and growth in the general economy bolster its aircraft engine and elevator businesses.
It’s been several days since General Electric Company (NYSE:GE) announced first-quarter earnings that exceeded analyst expectations on both the top- and bottom-line. Naturally, those long GE stock consider this a sign that the company’s turnaround is gaining traction. CEO John Flannery said as much in the Q1 2018 press release.
Revenue growth was driven by organic growth of 2.8%, an acquisition after adjusting to divestitures contributed 0.7%, and favorable foreign currency helped 4.2%. 3M reported adjusted earnings per share of $2.50, which is more or less on the expected lines of the range between $2.50 and $2.51. Plus, as the company reported earlier, 3M settled a lawsuit with the State of Minnesota for $897 million that translates into $1.16 per share.
Honeywell International’s (HON) SPS (Safety and Productivity Solutions) segment is its smallest revenue contributor, accounting for 13.9% of its total revenue in 1Q17 and 1Q18. SPS revenue rose ~9.4% YoY (year-over-year) to $1.5 billion in 1Q18 from $1.3 billion.
Honeywell International’s (HON) PMT (Performance Materials and Technologies) segment accounted for 24.4% of its total revenue in 1Q18, compared with 24.8% in 1Q17, representing a difference of 0.40 percentage points YoY (year-over-year). Between 1Q17 and 1Q18, PMT’s revenue rose 7.7%, from $2.4 billion to $2.5 billion.
MOORESVILLE, N.C., April 24, 2018 /PRNewswire/ -- To further enhance the customer experience, Lowe's Companies, Inc. (LOW) and GE (GE) announced today an expanded partnership to help customers easily find the right light bulb for their home while also saving energy and money. As a part of this expanded partnership, Lowe's will become the only nationwide home center to offer industry-leading GE light bulbs. Additionally, GE Lighting will become the only nationwide supplier to Lowe's U.S. consumer retail outlets for light bulbs, including GE's popular, proprietary light bulb line, reveal®.
U.S. conglomerate General Electric (GE.N) will test the world's largest wind turbine in a facility in northeast England, it said on Tuesday. GE Renewable Energy, the renewable arm of the U.S. firm, and the British government-funded Offshore Renewable Energy Catapult signed a five-year agreement to test GE's Haliade-X 12 megawatt (MW) turbine in Blyth, Northumberland. "This is an important agreement because it will enable us to prove Haliade-X in a faster way by putting it under controlled and extreme conditions," John Lavelle, president & CEO of GE's Offshore Wind business said in a statement.
U.S. conglomerate General Electric will test the world's largest wind turbine in a facility in northeast England, it said on Tuesday. GE Renewable Energy, the renewable arm of the U.S. firm, and the British government-funded Offshore Renewable Energy Catapult signed a five-year agreement to test GE's Haliade-X 12 megawatt (MW) turbine in Blyth, Northumberland. "This is an important agreement because it will enable us to prove Haliade-X in a faster way by putting it under controlled and extreme conditions," John Lavelle, president & CEO of GE's Offshore Wind business said in a statement.
Investing.com - Crude prices continued higher on Tuesday, as investors looked ahead to fresh data on U.S. commercial crude inventories to gauge the strength of demand in the world’s largest oil consumer and how fast output levels will continue to rise.
An increasing number of global companies plan to sell assets in the next two years as a way to narrow strategic focus and funnel funds to stronger areas of the business.
KPMG avoided a rebellion on Tuesday from Wells Fargo shareholders over its role in auditing the bank, although it faces another vote this week from its oldest US audit client, General Electric . At Wells’ ...
Bruce McGuire, the president of the Connecticut Hedge Fund Association, was holding court at a cocktail reception at Greenwich harbour late last year when he spotted one of his security detail milling about. Greenwich, Connecticut — historically one of the richest towns in the US — may not seem like the kind of place where security guards are needed for a networking event. “They’re not feeling welcome,” says Stephen Candland, a Greenwich-based partner at Angela Mortimer, a recruitment firm that finds staff for hedge fund managers.
U.S. conglomerate General Electric will test the world's largest wind turbine in a facility in northeast England.
Airlines have historically made for terrible investments. Warren Buffett famously said that “if a farsighted capitalist had been present at Kitty Hawk, he would have done his successors a huge favor by shooting Orville down.” Fortunately, a couple of airline stocks have managed to avoid bankruptcy and make their shareholders major bucks over the years. Southwest Airlines (NYSE:LUV) is the United States’ best example. An investor in LUV stock over the past 20 years has made a total return of 533% — not bad for an airline stock.
Honeywell International’s (HON) Aerospace segment is the company’s most significant revenue contributor. It accounted for 38.3% of the company’s 1Q18 revenue and 37.4% of its 1Q17 revenue, marking a gain of 0.9 percentage points YoY (year-over-year). In 1Q18, the segment’s revenue rose 12.1% YoY to $4.0 billion from $3.6 billion.
Macquarie upgrades Zillow Group (NASDAQ: ZG ) from Neutral to Outperform, raises price target from $48 to $75; Calls iBuyer pivot “very positive strategic move." Imperial Capital downgrades Controladora ...
The $140 billion drop in the value of General Electric Co.’s stock price during the past year gets the full human interest treatment in the Wall Street Journal. The stock value lost by GE in the past 12 months is twice the amount that vanished when Enron Corp. collapsed in 2001—and more than the combined market capitalization erased by the bankruptcies of Lehman Brothers and General Motors during the financial crisis. Longer term, GE’s market capitalization has fallen more than $460 billion since its 2000 peak.
General Electric achieved a solid earnings beat last quarter, while improving its free cash flow and making progress on divesting non-core businesses.
General Electric had a market capitalization of $127 billion (as of April 23, 2018), and is one of America’s most familiar brands. It's the first big move from new CEO John Flannery, who took over in September of this year. Jeffrey R. Immelt was the chairman of the board and former CEO of General Electric.
Shares of General Electric (GE) finished last week with a bang, thanks to an upbeat earnings report (although Barron's isn't convinced). Oppenheimer's Christopher Glynn also remains in the bear camp. Melius's Scott Davis, who has a Positive rating on the stock, also notes that markets should be pleased with the "stability" offered by the company's 8K filing the week before last.