Courtesy of Benzinga
General Electric Company (NYSE: GE) shares are trading higher after the company reported a third-quarter earnings beat on Wednesday.
The company reported EPS at 15 cents per share, which beat the analyst consensus estimate of 11 cents. Sales came in at $23.36 billion, ahead of the $22.93 billion estimate.
“GE’s closely watched industrial free cash flow (FCF), which is used as a gauge of efficiency, totaled $650 million,” CNBC reported. “The company increased its 2019 forecast for industrial FCF to a range of flat to $2 billion, up from a range between negative and plus $1 billion.”
GE shares were trading up 4.52% at $9.48 in Wednesday’s pre-market session. The stock has a 52-week high of $11.75 and a 52-week low of $6.66.
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Posted-In: Earnings News Top Stories Pre-Market Outlook Best of Benzinga
