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General Electric Strong Quarter Still Disappoints Investors

August 28, 2023
in Trade Tube
Reading Time: 1 min read
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General Electric delivered a 20% increase in earnings, but because the industrial conglomerate only met analyst expectations the stock dipped downward in early trading. Traders decided a beat was in order and even though profit margins jumped 100 basis points it wasn’t enough to make traders happy. GE Capital was the main weak spot in the earnings, but GE’s finance arm will be spun off in an initial public offering later this year with the remainder to be sold in 2015.

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