General Electric Company(NYSE:GE) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during Pre-market on Jul 22, 2016. Company reported revenue of $33.32B. Analysts estimated a revenue of $31.53B. Earnings per share were $0.51. Analysts had estimated an EPS of $0.45.
In a different note, Cowen & Company said it Initiates Coverage on General Electric Company, according to a research note issued on Jun 7, 2016. The shares have been rated ‘Market Perform’ by the firm. JP Morgan said it Initiates Coverage on General Electric Company, according to a research note issued on May 12, 2016. The shares have been rated ‘Underweight’ by the firm.
General Electric Company (GE) shares turned negative on Thursdays trading session with the shares closing down -0.03 points or -0.10% at a volume of 3,02,36,282. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $31.31. The peak price level was also seen at $31.31 while the days lowest was $31.08. Finally the shares closed at $31.25. The 52-week high of the shares is $33 while the 52-week low is $19.37. According to the latest information available, the market cap of the company is $287,364 M.
Several Insider Transactions has been reported to the SEC. On May 24, 2016, Jeffrey R Immelt (CEO) purchased 67,600 shares at $29.59 per share price.Also, On Apr 27, 2016, Alexander Dimitrief (Senior Vice President) purchased 105 shares at $30.51 per share price.On Feb 5, 2016, Jeffrey S Bornstein (Senior Vice President) sold 168,313 shares at $28.87 per share price, according to the Form-4 filing with the securities and exchange commission.
General Electric Company (GE) is a diversified infrastructure and financial services company. The products and services of the Company range from aircraft engines power generation oil and gas production equipment and household appliances to medical imaging business and consumer financing and industrial products. The Company operates its segments through its eight businesses -based on the markets they serve: Power & Water Oil & Gas Energy Management Aviation Healthcare Transportation Appliances and Lighting and GE Capital. GE Capital operates the following businesses: Commercial Lending and Leasing Consumer Real Estate Energy Financial Services and GE Capital Aviation Services. The Company operates in approximately 175 countries.