General Electric: Q3 Earnings Insights

General Electric GE reported its Q3 earnings results on Tuesday, October 25, 2022 at 06:30 AM.

Here's what investors need to know about the announcement.

General Electric missed estimated earnings by 30.0%, reporting an EPS of $0.35 versus an estimate of $0.5.

Revenue was up $655.00 million from the same period last year.

Last quarter the company beat on EPS by $0.4 which was followed by a 0.1% increase in the share price the next day.

Here's a look at General Electric's past performance:

Quarter	Q2 2022	Q1 2022	Q4 2021	Q3 2021
EPS Estimate	0.38	0.19	0.87	0.43
EPS Actual	0.78	0.24	0.92	0.57
Revenue Estimate	17.60B	16.91B	21.48B	19.25B
Revenue Actual	18.65B	17.04B	20.30B	18.43B

New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).

General Electric management provided guidance for FY 2022, expecting earnings between $2.4 and $2.8 per share.

To track all earnings releases for General Electric visit their earnings calendar here.

This article was generated by Benzinga's automated content engine and reviewed by an editor.