13.10 -0.02 (-0.15%)
After hours: 6:11PM EDT
|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||12.98 - 13.78|
|52 Week Range||12.61 - 26.01|
|PE Ratio (TTM)||N/A|
|Earnings Date||Jul 19, 2018 - Jul 23, 2018|
|Forward Dividend & Yield||0.48 (3.57%)|
|1y Target Est||17.21|
Skechers, GE and V.F. Corp are the Yahoo Finance charts of the day.
General Electric, one of the greatest American conglomerates and an original member of the Dow Jones Industrial Average, has come upon some bad times.
The words “great quarter guys” have never been directed to the current holders of General Electric’s top jobs. John Flannery and Jamie Miller, chief executive and financial officers since last year, respectively, would gladly have settled for a “whew, that wasn’t so bad” from Wall Street. While edging out analysts’ consensus estimates on both the top and bottom lines, much of what was in the middle didn’t look great.
General Electric Co.’s second-quarter profit dropped 30% from a year earlier as weakness in the company’s power division continued to offset growth in other major units. While the struggling conglomerate backed its 2018 profit goal, it said free cash flow would be at the low end of its previous estimate. GE recently unveiled its road map for restructuring under Chief Executive John Flannery, a series of moves to dismantle the company short of a complete breakup of the onetime bellwether.
On a day the major benchmarks were mostly flat, General Electric fell on concerns over its power business, while Microsoft reported strong sales gains.
Stocks that moved substantially or traded heavily Friday: Microsoft Corp., up $1.87 to $106.27 The technology company had a strong fiscal fourth quarter as its cloud computing business kept growing. Skechers ...
General Electric (NYSE:GE) and Microsoft (NASDAQ:MSFT) reported earnings and reacted in very different ways. Tesla (NASDAQ:TSLA) could be gearing up for a big move, too. Not long ago, General Electric (NYSE:GE) got the boot from the Dow Jones.
rose 1.9% after the software giant posted better-than-expected fiscal fourth-quarter earnings as its cloud business surged. Stocks ended mixed on Friday, July 20, as Microsoft Corp. Earlier in the session President Trump said he was ready to increase the amount of China-made goods facing tariffs to as much as $500 billion in order to address what he has called an unfair trade deficit with the world's second-largest economy.
General Electric's (GE) second-quarter results beat estimates. Industrial revenues gain on healthy growth in Oil & Gas, Aviation, and Healthcare.
Tariffs are starting to bite big manufacturers and Wall Street could get another bout of caution and uncertainty from major industrial companies when a swath of reports comes in over the next week. Investors are worried about the impact on earnings should the United States' trade war with China and other major trading partners escalate. "If today's political rhetoric intensifies and translates into actual protectionist policies, it will be a negative for all businesses in the U.S. and abroad, including ours," Hamid Moghadam, chief executive of supply chain management company Prologis, warned on a conference call on Tuesday.
GE shares dive, with losses accelerating after comments made by Chief Executive John Flannery during the post-earnings conference call take the shine off better-than-expected second-quarter results.
"That, to me, is a sign that the Allison era is going to be a chip off the old Pat Doyle block," Cramer observes. Real Money Pro columnist Ed Ponsi says that "from a technical perspective, President Trump's comments yesterday on Fed policy came at an inflection point in the U.S. Dollar Index ($DXY).
Textron Aviation on Friday announced that it will debut a full-scale mockup of its new Cessna Denali turboprop aircraft next week at EAA AirVenture 2018 in Oshkosh, Wisconsin. The new aircraft was originally announced at the annual show in 2015 and the company has since taken a cabin mockup to the event.
U.S. stocks were largely unchanged on Friday as a string of strong earnings led by Microsoft offset escalating trade anxieties driven by U.S. President Donald Trump's latest salvo of tough China tariff threats. Shares of Microsoft Corp hit a record high and were up 2.0 percent after second-quarter results beat analyst estimates. Microsoft's advance provided the biggest boost to all three major U.S. stock indexes.