GE reports 1Q loss
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
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
(20,411 posts)Sunlei
(22,651 posts)Real estate was the number one investment for most of them. Most of them had GE stocks.
valerief
(53,235 posts)d_legendary1
(2,586 posts)and I wear glasses.
Dont call me Shirley
(10,998 posts)Fred Sanders
(23,946 posts)American democracy has been chopped up and put up for auction sale in parts, as if a gyrocopter landed on it.
yesphan
(1,588 posts)Or did they just make less than they expected thereby claiming a loss ?