Categories AlphaGraphs, Earnings, Industrials
A visual representation of General Electric (GE) Q1 2020 earnings results
General Electric Company (NYSE: GE) reported its financial results for the quarter ended March 31, 2020 today.
GE posted a 73% jump in earnings for the first quarter of 2020 driven by a gain from the sale of BioPharma and an unrealized loss on marking GE’s investment in Baker Hughes to market. The top-line declined by 8% due to the uncertainty associated with the rapid spread of COVID-19 pandemic.
GE said the impact from COVID-19 materially challenged its first-quarter results, especially in Aviation, where a dramatic decline in commercial aerospace is seen as the virus spread globally in March. The company expects over $2 billion in operational cost out and $3 billion of cash preservation to mitigate the financial impact. The company has earlier withdrawn its financial guidance for the full-year 2020.
Past Performance
GE Q4 2019 Earnings Performance
GE Q3 2019 Earnings Results
Most Popular
CL Earnings: Key quarterly highlights from Colgate-Palmolive’s Q1 2024 financial results
Colgate-Palmolive Company (NYSE: CL) reported first quarter 2024 earnings results today. Net sales increased 6.2% year-over-year to $5.06 billion. Organic sales increased 9.8%. Net income attributable to Colgate-Palmolive Company was
Microsoft (MSFT) reports higher revenue and profit for Q3 2024
Microsoft Corp. (NASDAQ: MSFT) on Thursday said its third-quarter 2024 earnings increased year-over-year, reflecting strong performance by the tech giant’s main operating segments. Third-quarter revenues came in at $61.86 billion,
GOOG, GOOGL Earnings: All you need to know about Alphabet’s Q1 2024 earnings results
Alphabet Inc. (NASDAQ: GOOG, GOOGL) reported its first quarter 2024 earnings results today. Revenues increased 15% year-over-year to $80.5 billion. Revenue growth was 16% in constant currency. Net income was
