
GE Stock Soars 3% on General Electric Beating Wall Street Q4 Expectations
In 2021, General Electric hopes to see the recovery of its aviation unit that dropped 41% from a year earlier as a result of the pandemic.
In 2021, General Electric hopes to see the recovery of its aviation unit that dropped 41% from a year earlier as a result of the pandemic.
On key earnings and sales metrics, GE stock earned a poor EPS Rating of 11 out of 99. However, the stock still has strong, rising institutional support. Therefore, some experts recommend considering investing in GE stock instead of buying Bitcoin.
As analysts predict, General Electric’s full-year cash burn will total about $2 billion, which means $1 billion in positive free cash flow over the second half of the year.
General Electric (GE) stock is now slowly on the rise as its healthcare arm has started to recover following some stabilization of the COVID-19 situation in the world.
General Electric (GE) stock price fell after the release of the company’s Q1 2020 earnings report. The revenue declined by 8%.
General Electric (GE) and Ford (F) stocks jumped by over 5.50% on Friday, as companies signed a $336 million federal contract to make ventilators urgently needed for coronavirus patients.