General Electric's top line comes up short
Earnings were in line with market expectations but revenue came up short
Company
NYSE:GE
General Electric Co is a high-tech industrial company. The company operates through three segments: Aerospace, Renewable Energy and Power.
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Earnings were in line with market expectations but revenue came up short
US stocks closed higher on Friday, but little changed following Donald Trump’s first speech as President
US stocks edged lower on Friday, as prospects for fresh record highs faded and markets reflected on how much more monetary tightening to expect from the Federal Reserve after this week’s rate hike
US top stocks closed flat on Monday, as merger talk failed to overturn the feedback from sharply weaker oil prices and raised political uncertainty ahead of the presidential election
GE will own 62.5% of the newly formed company while Baker Hughes shareholders will own the rest
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US stocks pared initial losses to close Friday – and the week - flat after a roller-coaster ride in an earnings season
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Archive
Shares wavered on Friday amid mixed data, lacklustre earnings
Stocks spin their wheels - Hot Wheels in the case of Mattel - in the absence of any major economic news.
Investments and investor services
After a solid week, investors are sitting on their hands ahead of Monday's GDP data from China.
Here's a look at the main movers as of 1:33 p.m. in New York on Friday:
Consolidation looks to be the name of the game, with the blue-chip benchmarks set to open a tad firmer
The rapidly reshaping General Electric looks to be in good condition, despite a big fall in orders