GE’s Earnings

GE reported earnings of $4.65 billion, a 24% increase over the $3.75 billion it earned last year. The company’s sales increased 13% to $41.56 billion. That means the company took in average sales of over $450 million a day. That’s more than most companies have in an entire year.

The company reported strong growth in all of its sectors. GE is so big and so well-diversified, that any weakness in one area can be picked up in another. Last year, GE earned $1.59 a share. The company is exceedingly precise with its earnings forecasts. Today, GE narrowed its full-year forecast to a range of $1.80–$1.83 a share, instead of the old range of $1.78–$1.83 a share. Two cents may not sound like a lot, but when you have 10 billion shares, that comes to $200 million.

Posted by on July 15th, 2005 at 8:24 am


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