Categories AlphaGraphs, Earnings, Technology
GE Earnings: Highlights of General Electric’s Q3 2022 results
The General Electric Company (NYSE: GE) on Tuesday reported a decline in adjusted earnings for the third quarter of 2022 when the engineering firm’s revenues increased by 3%.
The Boston-based industrial conglomerate posted adjusted earnings of $0.35 per share for the September quarter, representing a sharp decrease from the $0.53 per share profit reported a year earlier. On an unadjusted basis, it was a loss of $0.21 per share, compared to a profit of $1.08 per share in the third quarter of 2021. Total revenues came in at $19.08 billion during the three-month period, which is up 3% from last year.
Check this space for management/analysts’ comments on General Electric’s Q3 2022 earnings
“Our team is delivering, with strong Aerospace performance in the third quarter, fueled by the improving commercial backdrop and our progress managing operations and the supply chain environment. We are building broad-based momentum with solid revenue and free cash flow results, as well as services growth in all businesses,” said Lawrence Culp, chief executive officer of GE.
Prior Performance
Looking for more insights on the earnings results? Click here to access the full transcripts of the latest earnings conference calls!
Most Popular
CVX Earnings: Chevron reports lower revenue and profit for Q3 2024
Energy exploration company Chevron Corporation (NYSE: CVX) on Friday announced third-quarter 2024 financial results, reporting a decline in net profit and revenues. Net income attributable to Chevron Corporation dropped to
Key highlights from Exxon Mobil Corporation’s (XOM) Q3 2024 earnings results
Exxon Mobil Corporation (NYSE: XOM) reported its third quarter 2024 earnings results today. Total revenues and other income remained relatively flat at $90 billion compared to the same period a
AAPL Earnings: Apple Q4 2024 sales rise 6% YoY, beat estimates
Apple Inc. (NASDAQ: AAPL) reported an increase in revenues for the fourth quarter of 2024. The top line came in above estimates. The gadget giant generated revenues of $94.9 billion