Categories AlphaGraphs, Earnings, Industrials

GE Earnings: Highlights of General Electric’s Q2 2022 results

The General Electric Company (NYSE: GE) on Tuesday reported a sharp increase in adjusted earnings for the second quarter of 2022, when the engineering firm’s revenues increased by 2%.

General Electric Q2 2022 earnings infographic

The Boston-based industrial conglomerate posted adjusted earnings of $0.78 per share for the June quarter, representing a sharp increase from $0.22 per share reported a year earlier. On an unadjusted basis, it was a loss of $0.78 per share, compared to a loss of $1.08 per share in the second quarter of 2021. Revenues came in at $18.65 billion during the three-month period, which is up 2% from last year.


Check this space for management/analysts’ comments on General Electric’s Q2 2022 earnings


“We are improving delivery, price, and cost performance via lean and decentralization. Notwithstanding this progress, much is still uncertain about the external pressures companies are facing at this moment. We continue to trend toward the low end of our 2022 outlook on all metrics except cash, which is lower due to timing of working capital and Renewable Energy-related orders,” said Lawrence Culp, chief executive officer of GE.

Prior Performance

  • General Electric Company Q1 2022 earnings infographic
  • General Electric company Q1 2021 earnings

_________________________________________________________________________________________________________________

Stocks you may like:

Bank of America (BAC) Stock

Wells Fargo (WFC) Stock

JPMorgan Chase (JPM) Stock

Citigroup (C) Stock

Goldman Sachs (GS) Stock

Morgan Stanley (MS) Stock

_________________________________________________________________________________________________________________

Most Popular

KR Earnings: Kroger Q3 sales, profit increase and top expectations

Department store chain The Kroger Co. (NYSE: KR) on Thursday said its third-quarter sales and adjusted earnings increased year-over-year. The latest numbers also exceeded the market's expectations. Net earnings attributable to

CrowdStrike: Why this cybersecurity stock is a good investment for 2023

CrowdStrike Holdings, Inc. (NASDAQ: CRWD) has steadily expanded its subscriber base over the years, riding the ever-growing demand for cybersecurity solutions. As digital adoption continues -- which accelerated after the

CRM Results: Salesforce Q3 earnings beat; revenues rise 14%

Customer relationship management platform Salesforce, Inc. (NYSE: CRM) on Wednesday reported an increase in third-quarter adjusted earnings, aided by double-digit growth in revenues. The numbers surpassed analysts' predictions. Third-quarter profit,

Add Comment
Loading...
Cancel
Viewing Highlight
Loading...
Highlight
Close
Top