Investing.com - General Electric (NYSE:GE) reported first quarter earnings that beat analysts' expectations on Tuesday and revenue that topped forecasts.
The firm reported earnings per share of $0.14 on revenue of $27.29B. Analysts polled by Investing.com expected EPS of $0.09 on revenue of $26.98B. That compared to EPS of $0.16 on revenue of $28.66B in the same period a year earlier. The company had reported EPS of $0.16 on revenue of $33.28B in the previous quarter.
For the year, General Electric shares are up 33.65%, outperforming the S&P 500 which is up 18.82% year to date.
General Electric follows other major Capital Goods sector earnings this month
On Wednesday, April 24, 2019, Boeing reported first quarter EPS of $3.16 on revenue of $22.92B, compared to forecasts of EPS of $3.19 on revenue of $22.94B.
Honeywell earnings beat analyst's expectations on Thursday, April 18, 2019, with first quarter EPS of $1.92 on revenue of $8.88B. Investing.com analysts expected EPS of $1.83 on revenue of $8.63B
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