General Electric reported third quarter earnings that beat analysts' expectations on Wednesday and revenue that fell short of forecasts.
The firm reported earnings per share of $0.15 on revenue of $23.36B. Analysts polled by anticipated EPS of $0.12 on revenue of $28.9B. That compared to EPS of $0.14 on revenue of $29.57B in the same period a year earlier. The company had reported EPS of $0.17 on revenue of $28.83B in the previous quarter.
General Electric follows other major Capital Goods sector earnings this month
On October 23, Boeing reported third quarter EPS of $1.45 on revenue of $19.98B, compared to forecasts of EPS of $2.07 on revenue of $19.6B.
Honeywell earnings beat analysts' expectations on October 17, with third quarter EPS of $2.08 on revenue of $9.09B. analysts expected EPS of $2.01 on revenue of $9.12B
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