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General Electric Co (GE.N)

GE.N on New York Stock Exchange

8.79USD
16 Aug 2019
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Latest Key Developments (Source: Significant Developments)

GE CEO Lawrence Culp, Jr. Reports Open Market Purchase Of 252,200 Co's Common Shares On Aug 15 At Average Price $7.93/Share
Thursday, 15 Aug 2019 

Aug 15 (Reuters) - General Electric Co ::GE'S CHAIRMAN, CEO H. LAWRENCE CULP, JR. REPORTS OPEN MARKET PURCHASE OF 252,200 CO'S COMMON SHARES ON AUG 15 AT AVERAGE PRICE $7.93/SHARE - SEC FILING.  Full Article

Billionaire investor Druckenmiller says he bought GE stock during plunge Thursday - CNBC
Thursday, 15 Aug 2019 

Aug 15 (Reuters) - :STANLEY DRUCKENMILLER SAYS HE BOUGHT GE STOCK DURING PLUNGE THURSDAY, BELIEVES CEO CULP - CNBC.  Full Article

IAM, IBEW Members Vote To Accept Contract At GE
Friday, 9 Aug 2019 

Aug 9 (Reuters) - International Association Of Machinists And Aerospace Workers::INTERNATIONAL ASSOCIATION OF MACHINISTS AND AEROSPACE WORKERS, INTERNATIONAL BROTHERHOOD OF ELECTRICAL WORKERS MEMBERS VOTE TO ACCEPT CONTRACT AT GE.IAM - APPROXIMATELY 1,375 MEMBERS OF IAM AND IBEW VOTED ON AUG. 9 TO ACCEPT AN IMPROVED CONTRACT OFFER FROM GENERAL ELECTRIC.IAM - NEW GE DEAL KEEPS DEFINED BENEFIT PENSION PLAN, IMPROVES 401(K) PLAN, REDUCES MEMBERS’ COST OF HEALTH CARE, HAS GENERAL WAGE, COST OF LIVING RAISES.  Full Article

GE Raises FY Adjusted EPS outlook to $0.55 to $0.65
Wednesday, 31 Jul 2019 

July 31 (Reuters) - General Electric Co ::INCREASING 2019 OUTLOOK FOR INDUSTRIAL SEGMENT ORGANIC REVENUES GROWTH TO THE MID-SINGLE-DIGIT RANGE.GE SAYS OUR TOP-LINE GROWTH WAS SOLID.INCREASING 2019 ADJUSTED EPS TO $0.55 - $0.65.GE QTRLY GE CFOA (GAAP) OF $42 MILLION; ADJUSTED GE INDUSTRIAL FREE CASH FLOWS (NON-GAAP) OF NEGATIVE $1.0 BILLION."CONTINUES TO WORK CLOSELY WITH BOEING TO ACTIVELY MANAGE OUR ENGINE PRODUCTION WHILE THE 737 MAX FLEET REMAINS GROUNDED".GE QTRLY POWER ORDERS OF $4.9 BILLION WERE DOWN 22% REPORTED AND UP 2% ORGANICALLY.QTRLY BHGE ORDERS WERE $6.5 BILLION, UP 8% REPORTED AND 11% ORGANICALLY.GE QTRLY BAKER HUGHES REVENUE OF $6.0 BILLION WERE UP 7% REPORTED AND 11% ORGANICALLY.DUE TO IMPROVEMENTS AT POWER, LOWER RESTRUCTURING, INTEREST, BETTER VISIBILITY AT HALF, CO RAISING FY OUTLOOK FOR INDUSTRIAL SEGMENT ORGANIC REVENUE.INCREASING 2019 OUTLOOK FOR GE INDUSTRIAL FREE CASH FLOWS TO NEGATIVE $1 BILLION - POSITIVE $1 BILLION.WE WILL CONTINUE TO TAKE PLANNED ACTIONS TO IMPROVE OUR BUSINESSES AND MONITOR SOME MARKET HEADWINDS.GE CONTINUES TO EXPECT ADJUSTED INDUSTRIAL FREE CASH FLOW TO BE IN POSITIVE TERRITORY IN 2020 WITH FURTHER ACCELERATION IN 2021..SEES 2019 ADJUSTED GE INDUSTRIAL MARGIN EXPANSION OF ABOUT FLAT TO UP ABOUT 100 BASIS POINTS.FY2019 EARNINGS PER SHARE VIEW $0.59 -- REFINITIV IBES DATA.SEES 2019 PROJECTED RESTRUCTURING (INDUSTRIAL) CASH OF $1.5+ BILLION VERSUS $2.0 BILLION PROJECTED IN MARCH 2019.  Full Article

Wabtec Raises 2019 GAAP Cash From Operations To About $900 mln
Tuesday, 30 Jul 2019 

July 30 (Reuters) - Westinghouse Air Brake Technologies Corp ::WABTEC REPORTS 2Q RESULTS, UPDATES GUIDANCE; RAISES 2019 GAAP CASH FROM OPERATIONS TO ABOUT $900 MILLION.Q2 SALES $2.24 BILLION VERSUS REFINITIV IBES ESTIMATE OF $2.23 BILLION.SEES FY 2019 ADJUSTED EARNINGS PER SHARE $4.10 TO $4.20.SEES FY 2019 GAAP EARNINGS PER SHARE $2.20 TO $2.30.Q2 EARNINGS PER SHARE $0.54.SEES FY 2019 SALES ABOUT $8.3 BILLION.Q2 ADJUSTED EARNINGS PER SHARE $1.06.Q2 EARNINGS PER SHARE ESTIMATE $0.98 -- REFINITIV IBES DATA.WABTEC- AT JUNE 30, WABTEC'S TOTAL, MULTI-YEAR BACKLOG WAS $22.6 BILLION, AND ITS 12-MONTH BACKLOG WAS $5.9 BILLION.FY2019 EARNINGS PER SHARE VIEW $4.11, REVENUE VIEW $8.38 BILLION -- REFINITIV IBES DATA.WABTEC- IN LIGHT OF CONDITIONS IN NORTH AMERICAN FREIGHT MARKET, "HAVE ACCELERATED OUR COST REDUCTIONS AND SYNERGY INITIATIVES".WABTEC- GE HAS INFORMED WABTEC THAT IT IS CONSIDERING SEEKING TO LIQUIDATE BALANCE OF ITS STOCK HOLDINGS IN CURRENT QUARTER, SUBJECT TO MARKET CONDITIONS.WABTEC- BELIEVES GE CONSIDERING SEEKING TO LIQUIDATE BALANCE OF ITS STOCK HOLDINGS WOULD BE BENEFICIAL TO CO.  Full Article

EMRGY, GE Renewable Energy Partner For Distributed Hydropower System Commercialization
Wednesday, 24 Jul 2019 

July 24 (Reuters) - General Electric Co ::EMRGY AND GE RENEWABLE ENERGY PARTNER FOR GLOBAL COMMERCIALIZATION OF DISTRIBUTED HYDROPOWER SYSTEM.GE- GE RENEWABLE ENERGY WILL BEGIN TO OFFER EMRGY’S PRODUCT AMONG HYDROPOWER SOLUTIONS IN SELECT MARKETS WORLDWIDE.GE - THROUGH PARTNERSHIP, EMRGY’S HYDROPOWER TURBINES WILL BE PROVIDED BY GE RENEWABLE ENERGY.  Full Article

Danaher Posts Q2 Earnings Per Share of $0.97
Thursday, 18 Jul 2019 

July 18 (Reuters) - Danaher Corp ::DANAHER REPORTS SECOND QUARTER 2019 RESULTS.SEES Q3 2019 ADJUSTED NON-GAAP EARNINGS PER SHARE $1.12 TO $1.15.SEES FY 2019 EARNINGS PER SHARE $3.38 TO $3.43.SEES Q3 2019 EARNINGS PER SHARE $0.86 TO $0.89.Q2 ADJUSTED NON-GAAP EARNINGS PER SHARE $1.19.Q2 REVENUE $5.2 BILLION VERSUS REFINITIV IBES ESTIMATE OF $5.08 BILLION.Q2 EARNINGS PER SHARE $0.97.Q2 EARNINGS PER SHARE ESTIMATE $1.16 -- REFINITIV IBES DATA.RAISES FY 2019 ADJUSTED NON-GAAP EARNINGS PER SHARE VIEW TO $4.75 TO $4.80.FY2019 EARNINGS PER SHARE VIEW $4.78 -- REFINITIV IBES DATA.Q3 EARNINGS PER SHARE VIEW $1.16 -- REFINITIV IBES DATA.CONTINUE TO MAKE PROGRESS ON ANTICIPATED ACQUISITION OF GE BIOPHARMA.CONTINUE TO MAKE PROGRESS ONPLANNED INITIAL PUBLIC OFFERING OF DENTAL BUSINESS, WHICH WILL BE CALLED ENVISTA.  Full Article

GE, BlackRock To Create New Company Distributed Solar Development
Wednesday, 17 Jul 2019 

July 17 (Reuters) - GE SOLAR::GE SOLAR & BLACKROCK REAL ASSETS PARTNER TO ACCELERATE SOLAR SOLUTIONS.GE SOLAR - TO CREATE NEW COMPANY DISTRIBUTED SOLAR DEVELOPMENT, A GE RENEWABLE ENERGY VENTURE.GE SOLAR - NEW COMPANY WILL BE 80 PERCENT OWNED BY A FUND MANAGED BY BLACKROCK REAL ASSETS.GE SOLAR - ADDITIONAL FINANCIAL DETAILS WERE NOT DISCLOSED..  Full Article

General Electric - Patrick Byrne Named CEO Of Co's Digital Business
Monday, 1 Jul 2019 

July 1 (Reuters) - General Electric Co ::PATRICK BYRNE NAMED CEO OF GE’S DIGITAL BUSINESS.GE - BYRNE JOINS GE FROM FORTIVE, WHERE HE SERVED AS SENIOR VICE PRESIDENT.  Full Article

GECAS And David Neeleman Agree To A Letter Of Intent For Nine A220-300 Aircraft
Monday, 17 Jun 2019 

June 17 (Reuters) - GECAS::GECAS AND DAVID NEELEMAN AGREE TO A LETTER OF INTENT FOR NINE A220-300 AIRCRAFT.GECAS - CO & DAVID NEELEMAN’S NEW AIRLINE, AGREED TO A LOI FOR PURCHASE, LEASEBACK OF NINE A220-300 AIRCRAFT WITH DELIVERIES SCHEDULED IN 2021 & 2022.  Full Article