General Electric (NYSE: GE) reported third-quarter 2020 financial results before the opening bell on Wednesday. The industrial giant reported a 17% decline in Q3 revenues to $19.4 billion, which fell short of the Wall Street consensus. Meanwhile, the company surprised the street with a profit of $0.06 per share, even as investors were anticipating a loss.
GE shares gained 3.5% immediately following the announcement. The stock has fallen 40% since the beginning of this year.
CEO H. Lawrence Culp, Jr. said in a statement, “We are improving our profit and cash performance with organic margin expansion in every segment except Aviation, though orders more broadly remain under pressure.”
Chipmaker Broadcom, Inc. (NASDAQ: AVGO) Thursday reported better-than-expected earnings and revenues for the fourth quarter of 2022. Net profit was $10.45 per share in the final three months of the
Costco Wholesale Corporation (NASDAQ: COST) reported first quarter 2023 earnings results today. Net sales increased 8.1% to $53.44 billion compared to the same period a year ago. Comparable sales were up
Shares of Campbell Soup Company (NYSE: CPB) were up 1% on Thursday. The stock has gained 30% year-to-date and 34% over the past 12 months. The food company started the