GE shocks with ‘unacceptable’ results, guidance cut
Shares of General Electric (GE) are falling sharply in early trading after the company reported quarterly profit that missed consensus estimates by 20c per share....
Author : The Fly
On The Fly: Pre-market Movers
UP AFTER EARNINGS: Skechers (SKX), up 28.2%... Honeywell (HON), up 1.2%.. Schlumberger (SLB), up just under 1%... Synchrony (SYF), up 3.9%... Paypal (PYPL), up 6.4%...Maxim...
GE management ‘fighting to salvage value,’ says JPMorgan
JPMorgan analyst C. Stephen Tusa says this morning's Q3 results from General Electric reinforce his view that while the "reset" of expectations is happening, a...
Deutsche calls GE earnings miss ‘shocking,’ sees ‘sizable’ dividend cut
Deutsche Bank analyst John Inch calls General Electric's weaker than expected Q3 results this morning "shocking," noting earnings came in 20c below the 49c forecast...
Microsoft, Green Bay Packers announce launch of TitletownTech partnership
The Green Bay Packers and Microsoft yesterday announced the launch of TitletownTech, a one-of-a kind partnership between the two organizations aimed at boosting economic expansion...
Intel Capital reports $60M of new investments in 15 data-focused startups
Intel Capital, Intel's global investment organization, announced new investments totaling more than $60M in 15 technology startups. This latest group of new portfolio companies brings...
Seattle Genetics upgraded to Overweight from Equal Weight at Barclays
Barclays analyst Geoff Meacham upgraded Seattle Genetics to Overweight and raised his price target for the shares to $70 from $60. The biotechnology company closed...
On The Fly: What to watch in General Electric earnings report
General Electric Company (GE) is scheduled to report results of its third fiscal quarter before the market opens on Friday, October 20, with a conference...
United drops as CEO acknowledges need to dig out of competitive ‘hole’
Shares of United Continental (UAL) fell sharply in afternoon trading after fourth quarter guidance disappointed investors. On an earnings call discussing the current quarter and...
Tesla, Vestas partnering on $160M Australian renewable energy project
Australia's international wind energy company Windlab Limited will begin construction of the $160M Kennedy Energy Park hybrid renewable energy project, after securing financing from the...