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What GE's Q1 Earnings Mean For Mutual Fund Investors (GE)

Shauna O'Brien

|

General Electric logo
Before Friday’s opening bell, General Electric (GE) released its first quarter financial results. Here’s what the results mean for mutual fund investors.

Inside the Results

Earnings

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
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

General Electric fell into a loss for the first quarter, citing charges related to its GE Capital exit, foreign exchange impacts, and weak energy prices.

Although the company was hurt by these factors, it was able to exceed expectations on an adjusted basis.

Mutual Funds to Watch

Investors considering a stake in GE may be interested in the funds listed below. These funds currently hold the largest stakes in the company.
Symbol Mutual Fund Stake
VTSMX Vanguard Total Stock Market Index 1.76%
VFINX Vanguard 500 Index 1.12%
FKINX Franklin Income 0.57%

The Bottom Line

The funds above offer investors exposure to a diverse group of securities and industries. Investors interested in GE may also be interested in Caterpillar (CAT) or United Technologies (UTX).

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General Electric logo

What GE's Q1 Earnings Mean For Mutual Fund Investors (GE)

Shauna O'Brien

|

Before Friday’s opening bell, General Electric (GE) released its first quarter financial results. Here’s what the results mean for mutual fund investors.

Inside the Results

Earnings

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
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

General Electric fell into a loss for the first quarter, citing charges related to its GE Capital exit, foreign exchange impacts, and weak energy prices.

Although the company was hurt by these factors, it was able to exceed expectations on an adjusted basis.

Mutual Funds to Watch

Investors considering a stake in GE may be interested in the funds listed below. These funds currently hold the largest stakes in the company.
Symbol Mutual Fund Stake
VTSMX Vanguard Total Stock Market Index 1.76%
VFINX Vanguard 500 Index 1.12%
FKINX Franklin Income 0.57%

The Bottom Line

The funds above offer investors exposure to a diverse group of securities and industries. Investors interested in GE may also be interested in Caterpillar (CAT) or United Technologies (UTX).

If you’ve enjoyed this article, sign up for the free MutualFunds.com newsletter; we’ll send you similar content weekly.

Sign up for Advisor Access

Receive email updates about best performers, news, CE accredited webcasts and more.

Popular Articles

Read Next

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