Friday, January 21, 2011

General Electric's Earnings: Analysts Weigh In (GE)

From MarketBeat:
General Electric Co.’s fourth-quarter profit jumped 51% and revenue edged higher, helped by a pickup in sales for some of its industrial products and a lower-than-expected tax rate. A few thoughts from Wall Street’s scribbling classes:
Terry Darling, Goldman Sachs: We view 4Q earnings as a clean and solid beat, reinforcing our positive view on GE based on (1) exposure to turning late cycle industrial end markets, with orders significantly stronger than expected, (2) improving credit trends at GECS, with loss provisions 20% below our estimate, and (3) improving capital allocation, with $1.2 billion of stock repurchase above our expectation....MORE
Happy, Happy, Joy, Joy: General Electric Pleases With Earnings, Growth (GE) 
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