GE reports 1Q loss

[Omaha Steve]

Source: AP-Excite

FAIRFIELD, Conn. (AP) — General Electric Co. (GE) on Friday reported a first-quarter loss of $13.57 billion, after reporting a profit in the same period a year earlier.

On a per-share basis, the Fairfield, Connecticut-based company said it had a loss of $1.35. Earnings, adjusted for non-recurring costs and to account for discontinued operations, came to 31 cents per share.

The results surpassed Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of 30 cents per share.

The industrial conglomerate posted revenue of $29.36 billion in the period, which missed Street forecasts. Five analysts surveyed by Zacks expected $34.42 billion.

FULL story at link.


Read more: http://apnews.excite.com/article/20150417/us-earns-general-electric-3cc4d093b9.html

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Why doesn't GE pay income taxes?

NYT: G.E.’s Strategies Let It Avoid Taxes Altogether: http://www.nytimes.com/2011/03/25/business/economy/25tax.html?ref=butnobodypaysthat

[DrDan]

1. Time to bring jack back

[Sunlei]

2. This is a good time to buy? when I checked out what stocks congress people invested in GE was one

Real estate was the number one investment for most of them. Most of them had GE stocks.

[valerief]

3. I read this headline as GE Reports IQ Loss.

[d_legendary1]

5. Same here

and I wear glasses.

[Dont call me Shirley]

7. Me too! Ha, the more war they make, the dumberer they get! LOL

[Fred Sanders]

4. A loophole purchased with tens of millions of dollars of lobbying and purchasing politicians.

American democracy has been chopped up and put up for auction sale in parts, as if a gyrocopter landed on it.

[yesphan]

6. Did they really lose money

Or did they just make less than they expected thereby claiming a loss ?