Moody's Corporation, General Electric Company Q2 2017 Earnings
22 July, 2017, 00:57 | Author: Devin Moran
Second-quarter results compare to the consensus estimates for EPS of $0.25 on revenues of $29.02 billion.
On Friday, GE backed its prior guidance of 2017 earnings of $1.60 to $1.70 a share, and organic sales growth of 3% to 5%, but it warned that profit would be on the weak side. GE under the agreement divested from its water and process technology unit, part of a remedy for the merger announced previous year.
GE's cash flow was below expectations and also weighed on the stock, said Jeff Windau, analyst at Edward Jones.
Shares of GE were up more than 1 percent in premarket immediately after the announcement, then fell slightly to trade little changed.
The firm's profits actually fell less than what analysts had forecast, with earnings per share coming in at 28 cents, against the 25 cents estimated.
Cash flow in GE's industrial segment was a positive $1.5 billion after a shocking first-quarter shortfall of $1.6 billion.
25 cents; down from 51 cents in last year's second quarter. During its second quarter, GE cut $593 million in costs and said it was on track to meet its $1 billion savings goal.
"The global scale of the company, along with our ability to innovate industry-leading products and services, will help us navigate the current environment and unlock productivity across our businesses and markets".
The company reported a 53 percent drop in profit to $1.37 billion, or 13 cents per share. Mr. Flannery said the financial framework for 2017 is set and he is "not anxious that we're going to be, you know, dead in the water in the meantime".
The move prompted Germany to summon the Turkish ambassador to Berlin and raise the possibility of suspending aid sent to Turkey . The foreign ministry had issued a separate statement calling for the rapid release of the six activists.
But it seems he has removed himself from the online platform again - this time completely closing his account . However Ed's TV days are far from over, the star is set to appear in an upcoming episode of The Simpsons .
Open champion acknowledged was his golf clubs did not travel to Sin City in the aftermath of his triumph last month at Erin Hills. O'Meara's opening drive on the notoriously tough first hole at Royal Birkdale rode the wind into the gorse bushes on the right.
Unique Identification Authority of India ( UIDAI ) has launched a mobile app for you to carry your Aadhaar number. Name, Date of Birth, Gender & Address along with photograph as linked with their Aadhaar Number in smart phones.
Pictet North America Advisors Sa increased Ishares Tr (OEF) stake by 27,140 shares to 644,457 valued at $64.00M in 2016Q4. The Firm operates through electronic components segment, which includes all products manufactured and sold by MtronPTI.
Its latest gambit is to try to fire all the Supreme Court justices, giving the Justice Minister authority to rehire its favorites. Photograph: Bartlomiej Zborowski/EPA Parliament debating the controversial supreme court reform bill.
Hoffman Estates-based Sears announced the partnership with Amazon Thursday and declined to comment on the terms of the deal. The move marks the first time Sears has sold products directly through the site, spokesman Howard Riefs said in an email.
Google ( GOOG , GOOGL ) rolls out a customized news feed feature to its self-titled app for iOS and Android devices. In addition, Google will now enable users to follow topics right from within Search results.
Simpson also said he will be "no problem" and would like to get back to family and friends. "I think he's proved otherwise". Simpson, who took "full responsibility" for the crime, could be released as early as October 1.
Mr Sechin was Mr Tillerson's main partner as Exxon sought to drill in the Arctic's Kara Sea, which has vast untapped potential. Tillerson visited the White House numerous times as CEO to protest the sanctions, but they remained in place.
Kobach attracted some criticism when he asked all 50 states for voter information to help the commission study fraud. Trump said this commission is entrusted with "helping to advance the cause of fair, honest and lawful elections".
State House Committee Rejects Texas Expansion Of Marijuana
Straus's office has no comment on that, and while Patrick can speed bills through the Senate, the House remains another matter. The Republican governor called for a special 30-day session in which the debate over the bathroom bill is expected to continue.
Evacuations ordered for town of Mariposa due to Detwiler Fire
A photograph posted on social media showed empty downtown streets as an orange and pink glow from the fire hovered on the horizon. Unfavorable weather conditions , ample fuel and steep terrain are hampering firefighting efforts, according to Cal Fire .
Arsenal hold their nerve to beat Bayern Munich 3-2 on penalties
Thomas' current deal with Bayern will expire in 2021. "[But] Thomas is still not for sale because he's a flawless fit for Bayern". Bayern have recently hired the services of James Rodriguez and the Colombian worldwide should give competition to Muller.
England need 219 to beat South Africa
But Taylor was run out, Knight whacked a full toss to square leg and Nat Sciver was bowled behind her legs. Ayabonga Khaka had delivered the two early wickets in an impressive opening spell but needed support.
Washington unable to work out deal with Cousins — Sports Digest
And Cousins is definitely above average: He threw for 4,917 yards last year - the 15th most in National Football League history. Regardless of how Redskins fans end up viewing the standoff, Cousins is now in a position where he's made a big bet on himself.