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.

General Electric (GE) Q1 2020 earnings review

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 The company has earlier withdrawn its financial guidance for the full-year 2020.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

PayPal Holdings (PYPL) Q1 2021 revenue up 31%; earnings beat

PayPal Holdings Inc. (NASDAQ: PYPL) reported stronger-than-expected earnings and revenues for the first quarter of 2021. Shares of the payment service provider gained during Wednesday’s extended trading session soon after

Infographic: How Twilio (TWLO) performed in Q1 2021

Twilio (NYSE: TWLO) reported first quarter 2021 earnings results today. Revenue increased 62% year-over-year to $590 million. GAAP net loss widened to $206 million, or $1.24 per share, compared to

Uber Technologies reports Q1 loss of 6 cents per share: Infographic

Uber Technologies (NYSE: UBER) reported first-quarter 2021 financial results after the regular market hours on Wednesday. The ride-hailing company reported Q1 revenue excluding the UK accrual of $3.5 billion, up

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