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General Electric Earnings Beat, Revenue Misses In Q4 -Breaking


© Reuters. General Electric Revenues Misses Q4 Despite Beating Earnings

Investing.com – General Electric (NYSE: ) On Tuesday, the fourth quarter was reported by (NYSE :). It beat analyst forecasts with revenue that fell short.

General Electric reported earnings per share at $0.92 for revenue $20.3 billion. Investing.com polled analyst to predict EPS of $0.8458 based on $21.34 billion in revenue.

General Electric shares have risen 2% since the start of the year but are still 16.58% below its 52-week high of $116.17, which was set November 9, 2021. They are outperforming the S&P Global 100 which is down 5.85% from the start of the year.

General Electric reports on major industrial sector earnings for this month

General Electric’s earnings report comes after Union Pacific reported an earnings beat on Thursday. Union Pacific had reported EPS at $2.66 for revenue of $5.73B. This compares to the forecasts of EPS at $2.61 for revenue of $5.6B.

CSX exceeded expectations Thursday, posting fourth quarter EPS $0.42 on revenues of $3.43B. This compares to the forecast of $0.4144 for $3.32B revenue.

You can keep up to date on the latest earnings reports at www.investors.com Investing.com’s earnings calendar

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Mike Robinson
Mike covers the financial, utilities and biotechnology sectors for Street Register. He has been writing about investment and personal finance topics for almost 12 years. Mike has an MBA in Finance from Wake Forest University.