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General Electric Co (GE.N)

GE.N on New York Stock Exchange

13.12USD
20 Jul 2018
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Latest Key Developments (Source: Significant Developments)

General Electric Co Says In Aviation, Broad Strength Continues
Friday, 20 Jul 2018 

July 20 (Reuters) - General Electric Co ::SAYS IN AVIATION, BROAD STRENGTH CONTINUES.SAYS IN RENEWABLE ENERGY, "STRONG" GLOBAL DEMAND FOR ONSHORE WIND; PRICING CHALLENGING BUT MODERATING.SAYS IN 2018 OUTLOOK, GE CAPITAL TIMING OF ASSET SALES, EXCESS INTEREST RUN-OFF, AND TAX BENEFITS IMPACT QUARTERLY PROFILE.SAYS IN HEALTHCARE, "STRENGTH IN BIOPROCESS CONTINUES".SEES GOOD PROGRESS ON INDUSTRIAL STRUCTURAL COST WITH $1.1 BILLION OUT YEAR-TO-DATE, $2 BILLION PLUS FOR THE YEAR.SAYS MARKET RISK IN POWER, CONTINUED OPERATIONAL TURNAROUND CONTINUES IN H2.SEES 2018 POWER PROGRESS COLLECTIONS IMPACTED BY LOWER ORDERS.SAYS IN QUARTER TOOK ADDITIONAL $0.1 BILLION CHARGE AFTER-TAX RESTRUCTURING IN OIL & GAS SEGMENT.SAYS IN QUARTER, SAW NON-OPERATING PENSION & BENEFIT COSTS OF $0.5 BILLION AFTER-TAX.SAYS IN Q2, RECORDED RESTRUCTURING & OTHER ITEMS OF $0.6 BILLION AFTER-TAX CHARGE AT CORPORATE.SAYS IN Q2, RESTRUCTURING & OTHER ITEMS CHARGE OF $0.6 BILLION INCLUDED $0.2 BILLION TAX CHARGE FOR PREPARATION TO SEPARATE GE HEALTHCARE - PRESENTATION.  Full Article

GE Reports 2Q’18 Continuing Operations EPS Of $0.08
Friday, 20 Jul 2018 

July 20 (Reuters) - General Electric Co ::2Q’18 CONTINUING OPERATIONS EPS (GAAP) OF $0.08.2Q’18 ADJUSTED EPS (NON-GAAP) OF $0.19.QTRLY TOTAL GAAP REVENUE $30,104 MILLION.Q2 EARNINGS PER SHARE VIEW $0.17, REVENUE VIEW $29.31 BILLION -- THOMSON REUTERS I/B/E/S.SEES TOTAL-YEAR FRAMEWORK OF ADJUSTED EPS OF $1.00-1.07 AND ADJUSTED GE INDUSTRIAL FREE CASH FLOWS (NON-GAAP) OF ABOUT $6 BILLION.SAYS GE'S $20 BILLION DIVESTITURE TARGET IS SUBSTANTIALLY COMPLETE.SAYS IN QUARTER, "SAW CONTINUED STRENGTH ACROSS MANY OF OUR SEGMENTS, ESPECIALLY IN AVIATION AND HEALTHCARE".SAYS QTRLY AVIATION ORDERS OF $9.5 BILLION WERE UP 29%.SAYS “THE SECOND QUARTER WAS IN LINE WITH EXPECTATIONS".SAYS QTRLY BHGE ORDERS WERE $6.0 BILLION, UP 95% REPORTED AND UP 2% ORGANIC.SAYS "WE EXPECT THE POWER MARKET TO REMAIN CHALLENGING, AND WE CONTINUE OUR FOCUS ON OPERATIONAL IMPROVEMENT".SAYS QTRLY BHGE REVENUES WERE $5.6 BILLION, UP 85% REPORTED AND DOWN 12% ORGANIC.SAYS PLAN TO END 2018 WITH MORE THAN $15 BILLION OF CASH.SAYS QTRLY RENEWABLE ENERGY ORDERS OF $1.7 BILLION DOWN 15 PERCENT, PRINCIPALLY DRIVEN BY TIMING AS FIRST HALF ORDERS VERSUS LAST YEAR WERE FLAT.SAYS QTRLY POWER ORDERS OF $7.4 BILLION WERE DOWN 26 PERCENT.  Full Article

GE Transportation Secures First Locomotive Deal In Chile
Thursday, 19 Jul 2018 

July 19 (Reuters) - General Electric Co ::GE TRANSPORTATION SECURES FIRST LOCOMOTIVE DEAL IN CHILE TO CONTINUE GROWTH IN SOUTH AMERICAN MARKET.GE TRANSPORTATION - TO SUPPLY FCAB - FERROCARRIL DE ANTOFAGASTA WITH 5 DIESEL-ELECTRIC LOCOMOTIVES IN 2019.  Full Article

GE Aviation And Teradata Expand Partnership
Wednesday, 18 Jul 2018 

July 18 (Reuters) - GE Aviation::GE AVIATION AND TERADATA EXPAND PARTNERSHIP.GE AVIATION WILL BECOME EXCLUSIVE PROVIDER OF TERADATA PRODUCTS AND SERVICES FOR COMMERCIAL AVIATION MARKETS.  Full Article

GE Renewable Energy Acquires WMC Wind Turbine Blade Test Center
Wednesday, 18 Jul 2018 

July 18 (Reuters) - General Electric Co ::GE RENEWABLE ENERGY ACQUIRES WMC WIND TURBINE BLADE TEST CENTER IN WIERINGERWERF, NETHERLANDS.GE RENEWABLE ENERGY - 23 CURRENT EMPLOYEES OF WMC WIND TURBINE BLADE TEST CENTER IN WIERINGERWERF WILL BE RETAINED.  Full Article

Milestone Aviation And Leonardo Awarded Aramco Medium Helicopter Renewal Program Including 21 Aw139
Monday, 16 Jul 2018 

July 16 (Reuters) - General Electric Co ::MILESTONE AVIATION AND LEONARDO AWARDED ARAMCO MEDIUM HELICOPTER RENEWAL PROGRAM INCLUDING 21 AW139.  Full Article

GE, Microsoft Enter Partnership To Accelerate Industrial IoT Adoption
Monday, 16 Jul 2018 

July 16 (Reuters) - General Electric Co ::GE AND MICROSOFT ENTER INTO THEIR LARGEST PARTNERSHIP TO DATE, ACCELERATING INDUSTRIAL IOT ADOPTION FOR CUSTOMERS.MICROSOFT - GE DIGITAL PLANS TO STANDARDIZE ITS PREDIX SOLUTIONS ON MICROSOFT AZURE.MICROSOFT - PARTIES TO ALSO CO-SELL AND GO-TO-MARKET TOGETHER, OFFERING END CUSTOMERS PREMIER INDUSTRIAL IOT SOLUTIONS ACROSS VERTICALS.  Full Article

GECAS Orderbook To Supply Hongtu Airlines With Four A320neo's
Monday, 16 Jul 2018 

July 16 (Reuters) - General Electric Co ::GECAS ORDERBOOK TO SUPPLY HONGTU AIRLINES WITH FOUR A320NEO’S.  Full Article

GE Power Signs Contract With Elektrownia Ostrołęka To Build Ostrołęka C
Thursday, 12 Jul 2018 

July 12 (Reuters) - General Electric Co ::GE POWER SIGNS CONTRACT WITH ELEKTROWNIA OSTROŁĘKA TO BUILD OSTROŁĘKA C, POLAND’S NEXT POWER PLANT.GE POWER- CONTRACT WITH ELEKTROWNIA OSTROŁĘKA IS FOR $1.6 BILLION.  Full Article

GE Power's Grid Business Signed Contract With Botswana Power Corp
Thursday, 5 Jul 2018 

July 5 (Reuters) - General Electric Co ::GE POWER’S GRID SOLUTION BUSINESS - SIGNED ITS FIRST CONTRACT WITH BOTSWANA POWER CORPORATION (BPC) ON MAY 24, 2018.  Full Article

CORRECTED-Investor group opposes General Electric plans for Kenyan power plant

NEW YORK, July 19 (Thomson Reuters Foundation) - A group of investors in U.S. conglomerate General Electric (GE) has publicly opposed its plans to buy a stake in a Kenyan coal-fired plant, claiming the project would damage the environment and undermine efforts to fight global warming.