GE tops estimates, but share price is still suffering

Posted By on April 27, 2021

General Electric‘s ($GE) first-quarter 2021 earnings were as they should be. Still, it wasn’t quite enough for investors.

General Electric (ticker: GE) shares were down about 2.7% in premarket trading. S&P 500 and Dow Jones Industrial Average futures, for comparison, were both off about 0.1%.

The company reported an adjusted profit of 3 cents a share, topping Wall Street estimates for a 1 cent gain, while burning through about $845 million in cash, also in line with analyst projections. The start of the year is typically the seasonally weakest part for cash generation because customers tend to pay their bills at the end of the year.



Desultory - des-uhl-tawr-ee, -tohr-ee

  1. lacking in consistency, constancy, or visible order, disconnected; fitful: desultory conversation.
  2. digressing from or unconnected with the main subject; random: a desultory remark.
My Desultory Blog