General Electric Earnings, Revenue Beat in Q2
2022.07.26 13:54
General Electric Earnings, Revenue Beat in Q2
Investing.com – General Electric (NYSE:GE) reported on Tuesday second quarter earnings that beat analysts’ forecasts and revenue that topped expectations.
General Electric announced earnings per share of $0.78 on revenue of $18.65B. Analysts polled by Investing.com anticipated EPS of $0.3815 on revenue of $17.38B.
General Electric shares are down 27% from the beginning of the year, still down 41.15% from its 52 week high of $116.17 set on November 9, 2021. They are under-performing the S&P Global 100 which is down 15.21% from the start of the year.
General Electric follows other major Industrials sector earnings this month
General Electric’s report follows an earnings beat by United Parcel Service on Tuesday, who reported EPS of $3.29 on revenue of $24.77B, compared to forecasts EPS of $3.16 on revenue of $24.65B.
Union Pacific had beat expectations on Thursday with second quarter EPS of $2.93 on revenue of $6.27B, compared to forecast for EPS of $2.84 on revenue of $6.12B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com’s earnings calendar
