Investing.com - General Electric (NYSE:GE) reported fourth quarter earnings that missed analysts' expectations on Thursday and revenue that topped forecasts.
The firm reported earnings per share of $0.17 on revenue of $33.28B. Analysts polled by Investing.com anticipated EPS of $0.22 on revenue of $32.16B. That compared to EPS of $0.16 on revenue of $32.39B in the same period a year earlier. The company had reported EPS of $0.14 on revenue of $29.57B in the previous quarter.
For the year, General Electric shares are up 20.21%, outperforming the S&P 500 which is up 8.65% year to date.
General Electric follows other major Capital Goods sector earnings this month
On Wednesday, Boeing reported fourth quarter EPS of $5.48 on revenue of $28.34B, compared to forecasts of EPS of $4.57 on revenue of $26.88B.
3M earnings beat analyst's expectations on Tuesday, with fourth quarter EPS of $2.31 on revenue of $7.95B. Investing.com analysts expected EPS of $2.28 on revenue of $7.87B
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