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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| GE Aerospace | NYSE:GE | NYSE | Common Stock |
| Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|
| 3.01 | 1.88% | 162.71 | 162.825 | 159.4205 | 161.39 | 5,030,409 | 01:00:00 |
From May 2019 to May 2024
By Ted Mann
General Electric Co. said Tuesday that its earnings next year would likely come in lower than Wall Street has expected, as the drop in oil prices weighs on earnings at its big oil and gas business.
The company forecast industrial earnings next year of between $1.10 and $1.20 a share while earnings from its GE Capital finance unit will be about 60 cents a share, for a total of $1.70 to $1.80 a share. Analysts have forecast that GE earnings will rise 7% to $1.79 a share for 2015.
GE Chief Executive Jeff Immelt said the company is cutting costs at its oil and gas unit and expects flat to negative operating earnings from the business next year. "The rest of the company looks fine," Mr. Immelt told analysts and investors at its annual investor day.
Write to Ted Mann at ted.mann@wsj.com
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