General Electric (GE): Q1 EPS of $0.34 beats by $0.01. Revenue of $35.2B (-8% Y/Y) beats by $500M. Shares +0.9% premarket.
1Q 2012 Highlights
•Eighth consecutive quarter of strong operating earnings growth
•1Q Operating EPS of $0.34, up 3%; up 17% excluding one-time items
•1Q Continuing EPS of $0.31, flat vs. prior year
•Revenues of $35.2 billion for the quarter, Industrial segment revenues of $23.7 billion, up 14%
•Leading indicators remain positive
•Record first quarter Infrastructure orders of $23.1 billion, up 20%; Equipment up 29%; Services up 11%
•Organic orders up 14%
•Industrial segment orders in growth markets up 21%
•GE Capital earned $1.8 billion (flat vs. 2011), up 27% excluding 1Q’11 Garanti sale impact
•Real Estate returns to profitability
•GECC Tier 1 Common Ratio of 10.4%
•On track to deliver double-digit earnings growth in Industrial segments and GE Capital for 2012
Resistance level is $20.36 and support at $18.70.
1Q 2012 Highlights
•Eighth consecutive quarter of strong operating earnings growth
•1Q Operating EPS of $0.34, up 3%; up 17% excluding one-time items
•1Q Continuing EPS of $0.31, flat vs. prior year
•Revenues of $35.2 billion for the quarter, Industrial segment revenues of $23.7 billion, up 14%
•Leading indicators remain positive
•Record first quarter Infrastructure orders of $23.1 billion, up 20%; Equipment up 29%; Services up 11%
•Organic orders up 14%
•Industrial segment orders in growth markets up 21%
•GE Capital earned $1.8 billion (flat vs. 2011), up 27% excluding 1Q’11 Garanti sale impact
•Real Estate returns to profitability
•GECC Tier 1 Common Ratio of 10.4%
•On track to deliver double-digit earnings growth in Industrial segments and GE Capital for 2012
Resistance level is $20.36 and support at $18.70.
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