GE: Q4 beats consensus
(CercleFinance.com) - GE has posted Q4 2019 adjusted EPS that is up 50% at 21 cents, four cents higher than the consensus, for a 410-bp improvement in its industrial profit margin to 11.
Its organic revenues from industrial segments increased by 4.6% to 24.7 billion dollars. In all, the group's revenues slipped 1% to 26.2 billion dollars, for orders that are down 5% at 24.9 billion dollars (-3% in organic terms).
The conglomerate, whose activities range from energy to aeronautics, thus achieved adjusted EPS of 65 cents in 2019, i.e. the upper end of its target range (55 to 65 cents). GE has also said that it forecasts EPS of between 50 cents and 60 cents for the current fiscal year.
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