Categories AlphaGraphs, Earnings, Technology

Infographic: Highlights of General Electric’s Q1 2022 earnings

General Electric Company (NYSE: GE) reported a sharp increase in first-quarter adjusted earnings despite flat revenues. The numbers came in above analysts’ forecast, driving the company’s stock higher in early trading on Tuesday.

General Electric Company Q1 2022 earnings infographic

The engineering conglomerate posted adjusted earnings of $0.24 per share for the March quarter, up from the $0.13 per share profit it reported in the comparable quarter of 2021. The latest number also exceeded experts’ projections. On an unadjusted basis, it was a net loss of $0.74 per share, compared to earnings of $0.02 per share in the prior-year period.

First-quarter revenues came in at $17.0 billion, which is broadly unchanged from the prior-year level. Analysts were looking for a slightly smaller number for the most recent quarter.


Check this space for management/analysts’ comments on General Electric’s Q1 2022 earnings


“We’re holding the outlook range we shared in January, but as we continue to work through inflation and other evolving pressures, we’re currently trending toward the low end of the range. Importantly, we remain on track to launch three independent, investment-grade companies with leading positions in growing, critical sectors, well-positioned to create long-term value,” said Lawrence Culp, Jr., chief executive officer of GE.

Prior Performance

  • General Electric company Q1 2021 earnings

_________________________________________________________________________________________________________________

Stocks you may like:

Apple (AAPL) Stock

Microsoft (MSFT) Stock

Alphabet (GOOGL) Stock

International Business Machines Corp. (IBM) Stock

_________________________________________________________________________________________________________________

Most Popular

INTU Earnings: Intuit Q1 2025 adj. profit rises on higher revenues

Financial technology company Intuit Inc. (NASDAQ: INTU) Thursday announced results for the first quarter of 2025, reporting a modest increase in adjusted earnings. The Mountain View-headquartered company’s first-quarter revenue came

Riding the AI wave, Nvidia looks set to stay on the high-growth path

After delivering strong results for the third quarter, Nvidia Corporation (NASDAQ: NVDA) this week said the launch of its new-generation Blackwell chip is on track. The company is thriving on

Target (TGT): A look at some of the challenges faced by the retailer in 3Q24

Shares of Target Corporation (NYSE: TGT) stayed green on Thursday, recovering from the stumble it took a day ago after delivering disappointing results for the third quarter of 2024 and

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