|Bid||0.00 x 0|
|Ask||62.00 x 0|
|Day's Range||57.00 - 60.00|
|52 Week Range||51.80 - 94.00|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
Yahoo Finance's Jared Blikre joins Seana Smith from the floor of the New York Stock Exchange to discuss the latest market moves.
After a disastrous year, General Electric offered some upbeat news on Friday with first-quarter earnings that beat expectations, but the company still has much to do in order to win over the investment community. GE (GE) earned an adjusted 16 cents per share in the first quarter, four cents better than the consensus estimate and two cents ahead of the year-earlier figure. In a positive surprise, GE reaffirmed its 2018 financial guidance calling for earnings of $1 to $1.07 a share.
Recall that just three years ago investors cheered the company’s radical downsizing of GE Capital and its plan to return $90 billion in cash by the end of 2018. The sad reality is the cash return was just $50 billion and GE’s loss in market value has been twice as much. The fact that GE didn’t eliminate its remaining dividend, beat analyst’s consensus estimate for first-quarter earnings per share and even reaffirmed its full-year guidance of $1.00 to $1.07 a share on Friday counts as great news relative to the market’s radically recalibrated expectations.
Long-suffering GE finally beat analysts' lowered earnings expectations, and here's some evidence that better days could lie ahead.
The engine model that failed on a Southwest Airlines Co. flight earlier this week is expected to undergo emergency inspections as ordered by the Federal Aviation Administration.
The jet maker says it has 45 orders and commitments for the 737-800 Next Generation converted freighters from seven customers as Boeing's Global Services seeks to expand its business worldwide.
WASHINGTON/PARIS (Reuters) - European and U.S. airline regulators on Friday ordered mandatory inspections within 20 days of aircraft engines similar to one involved in a fatal Southwest Airlines (LUV.N) accident earlier this week. Engine maker CFM International on Friday recommended the ultrasonic inspections on fan blades that have been used in more than 30,000 cycles, and the U.S. Federal Aviation Administration and European Aviation Safety Administration are making those recommendations into requirements.
General Electric backed earnings and cash-flow guidance Friday after reporting strong Q1 results, bolstering prospects for its dividend.
The order comes after Tuesday's fatal engine failure on Southwest Flight 1380. Ultrasonic testing is used to inspect engine fan blades because they may not be visible to the naked eye. The Federal Aviation Administration on Friday ordered airlines to inspect the fan blades of some engines of the same type that exploded on a Southwest Airlines LUV flight earlier this week.
U.S. and European regulators on Friday will announce they are requiring emergency inspections within the next 20 days of fan blades of nearly 700 CFM56-7B engines worldwide after the crash this week of a Southwest Airlines jet that killed one person, two sources said. The U.S. Federal Aviation Administration and European regulators will announce they are mandating the inspections that were recommended by engine maker CFM International, a partnership of France’s Safran SA and General Electric Co, in a bulletin earlier Friday. The emergency inspections apply to 681 engines worldwide, including 352 in the United States.
U.S. stocks extend losses in late trade to end lower on Friday, as weakness in technology and consumer staples shares offset the latest batch of corporate earnings, which largely continued to beat expectations....
While beleaguered General Electric (GE) was the biggest dog of the Dow in the first quarter, it shot to the top of the S&P 500 on Friday, helped by an upbeat earnings report. GE gained 69 cents, or 4.9%, to $14.68. The S&P 500 fell 22.99 points, or 0.85%, to end at 2670.14.
Stock market index funds sold off Friday and fell below their 50-day moving average as Apple offset a big gain from General Electric in the Dow.
The technology index (.SPLRCT) was the biggest drag on the S&P 500 with a 1.5 percent drop after registering three straight days of losses ahead of a key earnings week for the sector. "There continues to be some concern over interest rates and their potential impact on equities. The Dow Jones Industrial Average (.DJI) fell 202.09 points, or 0.82 percent, to 24,462.8, the S&P 500 (.SPX) lost 22.98 points, or 0.85 percent, to 2,670.15 and the Nasdaq Composite (.IXIC) dropped 91.93 points, or 1.27 percent, to 7,146.13.
Stocks rallied early in the week on rising oil prices and Netflix earnings. But they erased almost of their gains on chip warnings and Apple iPhone fears.
The S&P 500 and Nasdaq traded lower Friday for the second time in five sessions. The Dow Jones Industrial Average declined Friday for the third day in a row. Despite declines Friday, the three U.S. benchmark stock indexes finished higher for the week.
shares jumped Friday, April 20, after posting top- and bottom-line beats for the first quarter that were driven by strength in the company's aviation and healthcare businesses. CEO John Flannery said the company is seeing signs of progress in its performance and the quarterly results are a step forward in executing its 2018 plan.
Apr.20 -- General Electric is in talks to sell its century-old locomotive business to rail equipment maker Wabtec, according to people familiar with the matter. Bloomberg's Ed Hammond has more on "Bloomberg Markets."