General Electric's 'Unacceptable' Q3 2017 Results

10/23/17

During the conference call, General Electric's (GE) new CEO, Mr. John Flannery, stated that the company's Q3 2017 financial results were "unacceptable to say the least". As expected, Mr. Flannery reset expectations for this company and laid the groundwork for a possible dividend cut in the weeks ago (the Annual Investor Meeting is scheduled for the 13th of November 2017).

On a day that the company reported poor quarterly results and lowered guidance, the stock had to finish down big, right? No, GE shares ticked higher throughout the day - the stock was down by over 8% in pre-marketing trading - and actually finished the trading day in the green (up 1%). This one-day performance does not make up for the stock's poor YTD performance but, in my opinion, shareholder should be encouraged by the price action, especially when considering the company's quarterly results.

READ FULL ARTICLE HERE

Recent Deals

Interested in advertising your deals? Contact Edwin Warfield.