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General Electric Earnings Beat, Revenue Misses In Q3 -Breaking

by Mike Robinson

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© Reuters. General Electric Revenues Misses Q3 Despite Beating Earnings

Investing.com General Electric (NYSE) announced Tuesday that third quarter revenue was lower than expected and beat forecasts.

General Electric posted earnings per share in the range of $0.57 to $18.43 billion. Investing.com polled analysts and predicted EPS at $0.4342 for revenue $19.28B.

General Electric shares have risen 21% since the start of the year. However, they are still 8.69% below their 52-week high of $115.32 on March 9. They are outperforming the S&P Global 100 which is up 17.16% from the start of the year.

General Electric reports this month on other earnings in the Capital Goods Sector

General Electric reports on an earnings beat achieved by ASML ADR October 20. They reported EPS at $4.97 for revenue $6.1B. This compares to the forecasts of EPS at $4.61 for revenue $6.19B.

Honeywell beat all expectations Friday, posting a third-quarter EPS of $2.02 on $8.47B in revenue. This compares to the $1.99 forecasted for $8.66B revenue.

Keep up to date with all the earnings reports coming soon by visiting Investing.com’s earnings calendar

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