Before the call: General Electric Q4 profit to be lower, revenue higher?

Posted Jan 22nd 2009 5:30PM by Trey Thoelcke
Filed under: Earnings Reports, Forecasts, General Electric (GE)

General Electric Co. (NYSE: GE) is scheduled to discuss fourth-quarter and full-year 2008 results tomorrow morning, January 23, in a conference call at 8:30 AM Eastern, hosted by Chairman and CEO Jeff Immelt, Vice Chairman and CFO Keith Sherin, and Trevor Schauenberg, VP Investor Communications. Dial 1-800-299-7098 (in U.S only) to listen in to the call live; the passcode is 45397227. To dial in from elsewhere or to listen to the live webcast, see GE 4th Quarter & Total Year 2008 Earnings Call.

Analysts surveyed by Thomson Reuters expect GE to report that it earned $0.37 per share, 45.6% lower than in the same period a year ago. Revenue for the quarter is expected to come to $50.5 billion, which is 3.9% higher than a year ago. GE earnings have largely been in line with expectations in recent quarters.

For the full year, analysts expect a $1.79 per share profit (-18.6%) and revenue of $186.9 billion (+8.2%).

Analysts on average anticipate long-term EPS growth of 9.5% from GE. The share price fell to a multiyear low of $11.88 this week, and shares are about 62% lower than a year ago.

See BloggingStocks' GE coverage for more information about the Connecticut-based conglomerate.

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Tags: earnings, GE, General Electric, inthenews, Jeff Immelt, Keith Sherin, Trevor Schauenberg

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Reader Comments (Page 1 of 1)

1-23-2009 @ 6:37AM

Pascal said...

Oh baby GE don't disappoint! We wanna make some money here.

I've posted Jeff Immelt's interview of 3 days ago on MSNBC here:

http://pascalsdog.blogspot.com/2009/01/jeff-immelt-describes-radical-new.html

He says quite notably, "The banks and the governments of the U.S. and the world are going to be business partners from now on. You better get used to it."

I was stunned.

Stunned also to this weird man speak live.

1-24-2009 @ 1:18PM

Bill Rothschild said...

I hope that there are no surprises. SURPRISE is what has killed GE. Historically the company always created realistic expectations and met them. Immelt failed to do this last year the GE stockholders have paid the price.

Bill Rothschild, author of the only comprehensive and objective assessment of GE's 127 years...THE SECRET TO GE's SUCCESS.