General Electric GE reported quarterly earnings of 21 cents per share on Wednesday, which beat the analyst consensus estimate of 18 cents by 16.67%. This is a 23.53% increase over earnings of 17 cents per share from the same period last year.
The company reported quarterly sales of $26.238 billion, which beat the $25.57 billion estimate.
GE sees adjusted earnings per share of 50-60 cents for fiscal 2020, compared to a 66-cent estimate. The company sees GE Industrial free cash flow of $2 billion to $4 billion.
General Electric shares were trading up 7.8% at $12.65 in Wednesday’s pre-market session. The stock has a 52-week high of $12.24 and a 52-week low of $7.65.
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