GE Misses on 1Q Earnings and Lowers Full Year Guidence
Friday, April 11th, 2008General Electric Co. (aka GE) stock is currently down more than 11% as they missed their anticipated 51 cents per share earnings forcast by analysts and missed GE’s own forcast of between 50 - 53 cents per share. GE posted 43 cents per share in earnings in the 1st Quarter, down 8 cents for their estimates and down a penny from year ago earnings. GE stated that disappointments were spread across all of their businesses both in financial and industrial segments. GE has lowered 2008 full year earnings expectations from $2.42 per share down to between $2.20 and $2.30 per share.
