Friday, July 11, 2008

GE Beats The Street, NBCU Still A Dog

We had six links on GE yesterday and may have six today, by your leave. The behemoth fascinates. From 24/7 Wall Street:

GE (GE) hit Wall St.'s EPS forecast at $.54 and beat revenue estimates coming in at $46.9 billion above the $45.3 billion concensus.

The revenue increase was 11% over the same quarter last year. GE also reaffirmed its EPS forecast for the year at $2.20 to $2.30.

The company's powerful infrastructure group had a 24% increase in segement profit. The number was amazing give the unit's size. Its revenue for the quarter was $17.6 billion....MORE