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General Electric Says 2019 Will Be A 'Reset' Year
Thursday, March 14, 2019 - 8:25am | 406General Electric Company (NYSE: GE) management guided 2019 below the Street's estimates. What Happened GE said 2019 will be a "reset" year and the company expects to earn 50 to 60 cents per share for the full year versus the Street's expectations of 70 cents per share. Management...
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GE Cuts Dividend To 1 Cent
Tuesday, October 30, 2018 - 8:38am | 598General Electric Company (NYSE: GE) will pay shareholders 1 cent per share per quarter in dividends after announcing a major reduction in conjunction with its third-quarter earnings report. What Happened GE said it earned 14 cents per share in the third quarter on revenue of $29.573 billion, which...
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JPMorgan Lowers General Electric Price Target, Says EPS Guidance Is 'Not A Credible Number'
Tuesday, March 13, 2018 - 11:18am | 467Not even one year ago, the Street was working under the assumption that General Electric Company (NYSE: GE)'s $2 EPS target was "not achievable," so estimates moved lower to $1 per share. But the "great reset is not quite reset," according to JPMorgan. The Analyst JPMorgan...
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JPMorgan Cuts Target On GE To $22: 'We Don't See The Future Growth Potential'
Thursday, July 6, 2017 - 11:42am | 356Analysts at JPMorgan turned incrementally bearish on General Electric Company (NYSE: GE) on Wednesday and now see downside to the stock moving forward. JPMorgan's C. Stephen Tusa, Jr. maintains an Underweight rating on the Dow component's stock with a price target slashed from $27 to $22, saying...