General Electric (GE) had a net loss per share of US$ 0.99 in the first quarter of 2022, lower than the loss per share of US$ 2.61 in the same period last year, according to a balance sheet published on Tuesday. fair (26).
Adjusted, GE posted earnings per share of $0.24 between January and March, beating analysts polled by FactSet of $0.18.
GE’s revenue fell 0.2% year-on-year in the quarter to $17.04 billion, but was also above the FactSet consensus of $16.85 billion.
GE’s free cash flow was negative $880 million in the period, much lower than the negative result of $3.36 billion a year earlier, but above the market forecast of $816.5 million. .
For 2022, GE reaffirmed its earnings per share forecast at $2.80 to $3.50, but cautioned that results tend to be at the lower end of the range because of inflation and other factors.
At 8:05 am (GMT), GE’s share was down 3.8% in premarket business in New York.
Source: CNN Brasil
I am Sophia william, author of World Stock Market. I have a degree in journalism from the University of Missouri and I have worked as a reporter for several news websites. I have a passion for writing and informing people about the latest news and events happening in the world. I strive to be accurate and unbiased in my reporting, and I hope to provide readers with valuable information that they can use to make informed decisions.
