Inside the Results
GE reported a net loss of $13.57 billion, or $1.35 per share, compared to net income of $3.00 billion, or 30 cents per share, in the year prior. Adjusted EPS was 31 cents, above analysts’ view of 30 cents.
Revenue dropped to $29.36 billion from $33.55 billion. On average, analysts expected to see revenue of $34.23 billion.
GE Reports a Net Loss on Divesting Expenses
Although the company was hurt by these factors, it was able to exceed expectations on an adjusted basis.
Mutual Funds to Watch
|VTSMX||Vanguard Total Stock Market Index||1.76%|
|VFINX||Vanguard 500 Index||1.12%|
The Bottom Line
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