Company news: General Electric (GE) posts mixed quarterly results

General Electric (GE) reported Q4 FY 2021 earnings of $0.92 per share (versus $0.08 per share in Q4 FY 2020), beating analysts’ consensus estimate of $0.82 per share.

The company’s quarterly revenues amounted to $20.303 bln (-7.4% y/y), missing analysts’ consensus estimate of $21.324 bln.

The company also issued downside guidance for FY 2022, seeing EPS of $2.80-3.50 versus analysts’ consensus estimate of $4.00.