Friday, 20 Apr 2018
Business

GE shares fall on Dow Jones

General Electric fell on Monday, the only loser on the Dow Jones Industrial Average. Losses in the company, which is in the industry after a report by Goldman Sachs, confirm that the revised financial statements of General Electric set the 2018 earnings outlook at risk. In the fourth quarter of last year, General Electric reported a quarterly loss, but this year earnings estimates rose, with estimates for earnings per share adjusted for this year ranging from $ 1 to $ 1.07. General Electric reduced its results in 2016 and 2017 retroactively to reflect new accounting standards in the United States. Goldman Sachs analyst Joe Richie said in a note that the outlook was “almost certain” and could come as soon as General Electric’s Q1 results were released later this week. General Electric fell more than 1.1% to $ 13.34. During the same period, the bullish trend was overshadowed by Wall Street’s performance, with the Dow Jones gaining more than 1.2% to 24,659.7 points.

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