General Electric Stock Gains On Q1 Earnings Beat, 2022 Guidance

General Electric (GE) – Get General Electric Company Report posted better-than-expected first quarter earnings Tuesday, while confirming its full-year profit guidance and noting that its historic plans to split the group into three separate companies remains on track.

General Electric said adjusted non-GAAP earnings for the three months ending in March were pegged at 24 cents per share, a figure that was essentially flat to last year but ahead of the Street consensus forecast of 19 cents per share. Group revenues, General Electric said, were also little-changed from last year at $ 17 billion, but came in modestly higher than analysts’ estimates of a $ 16.9 billion tally.

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General Electric (GE) – Get General Electric Company Report posted better-than-expected first quarter earnings Tuesday, while confirming its full-year profit guidance and noting that its historic plans to split the group into three separate companies remains on track. General Electric said adjusted non-GAAP earnings for the three months ending in March were pegged at 24…

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