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| Topic | GE turning the corner; management maintains guidance |
| Darkman124 04/20/18 8:15:22 AM #1: | https://www.ge.com/investor-relations/events-reports Call in 20 minutes, but cliffnotes already released. https://www.marketwatch.com/story/ges-stock-surges-after-profit-and-revenue-beat-expectations-2018-04-20 Q1 2018: 1.18b loss, which is a massive improvement from last quarter (9b loss). It beat expectations. Revenue beat expectations; power revenue declined less than expected. And this is all with them setting aside 1.5b in case the SEC investigation goes poorly. This is a huge shock to most analysts who (wrongly) assumed GE's new honest accounting would require a revision down of their forecast--the forecast was made with the accounting process. This is a huge mark of trust for their leadership. IMO, all rallies that occur from here will be on the basis of trustworthiness of Flannery, not even the company's profitability. JPM's Tusa must be shitting himself right now. He has been doubling down with bear claims day after day and almost certainly has some absurdly leveraged short position against the company. --- And when the hourglass has run out, eternity asks you about only one thing: whether you have lived in despair or not. ... Copied to Clipboard! |
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