General Electric (NYSE: GE) reported first-quarter 2021 financial results before the regular market hours on Tuesday. The payment services firm reported Q1 revenue of $17.1 billion, down 12% year-over-year and below the Wall Street projection. Meanwhile, net income of $0.03 per share was two cents above the target that analysts had anticipated.
GE shares fell 3% immediately following the announcement. The stock has more than doubled in the trailing 12 months.
“We are shifting more toward offense and capturing opportunities in the energy transition, precision health, and future of flight. I am confident we are well positioned to drive profitable growth, achieving high single digit free cash flow margins over time and creating long-term value for shareholders,” CEO Lawrence Culp said in a statement.
Digital healthcare firm SmileDirectClub Inc. (NASDAQ: SDC) reported a narrower net loss for the first quarter of 2021 amid modest revenue growth. While the bottom-line missed Wall Sreet's prediction, revenues
Virgin Galactic (NYSE: SPCE) reported first-quarter 2020 financial results after the regular market hours on Monday. The space tourism company reported zero revenue in the first quarter, compared to $238,000
The social media industry witnessed certain changes amid the COVID-19 pandemic last year. User numbers and engagement levels increased as people spent more time online to connect with family and