GE’s credit rating outlook turns ‘negative’ at Fitch; stock drops

The outlook for General Electric Co.’s GE, -3.82% credit has been revised to negative from stable at Fitch Ratings, which cited concerns over risks to the diversified industrial company’s power business, free cash flow and support for GE Capital. GE’s stock dropped 3.8% in midday trade. The credit rating agency affirmed GE’s long-term rating of BBB+, which is three notches […]

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ISM manufacturing index rebounds in January, easing worries about the sector

The numbers: American manufacturers say business picked up in the first month of 2019 after moderating sharply in December. The Institute for Supply Management said its manufacturing index rebounded in January to 56.6% from 54.3% in the prior month. The latest reading, derived from a survey of executives, exceeded the MarketWatch forecast of 54.3%. Readings over 50% indicate more companies […]

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GE’s stock jumps after earnings missed, but revenue rose above expectations

Shares of General Electric Co. GE, +2.25% shot up 3.1% in premarket trade Thursday, after the diversified industrial company reported a fourth-quarter profit that missed expectations but revenue that beat. GE swung to net income of $574 million, or 7 cents a share, from a loss of $11.00 billion, or $1.27 a share, in the same period a year ago. […]

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Sanmina stock surges after earnings beat, strong guidance

Sanmina Corp. SANM, -0.26% shares rocketed up 25% in the extended session Monday after the manufacturing company beat earnings expectations and issued stronger-than-expect guidance. The company reported fiscal first-quarter net income of $38 million, or 54 cents a share, compared with losses of $154.9 million, or $2.16 cents a share, in the year-ago period. Adjusted for items such as stock-based […]

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China's Dec. industrial profits shrink again on weak demand, trade headwinds

BEIJING (Reuters) – Earnings at China’s industrial firms shrank for a second straight month in December on slowing prices and sluggish factory activity, piling more pressure on an economy in the grips of its slowest growth in nearly three decades. The downbeat data points to more troubles ahead for the country’s vast manufacturing sector already struggling with a decline in […]

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GE earnings: Can CEO Culp finally set a bullish tone on the conference call?

What may be of most interest to General Electric Co. investors, when the struggling industrial conglomerate reports fourth-quarter results before the Jan. 31 open, is not what is said on the post-earnings conference call, but how it’s said. GE GE, +4.33%executives have failed to communicate a bullish message for investors during recent conference calls, with share prices either swinging lower […]

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GE’s stock dives on heavy volume as reports raise uncertainty over potential GECAS sale

Shares of General Electric Co. GE, -5.13% took a 5.3% dive in active afternoon trade Tuesday, as the pullback from last week’s 10-week closing high accelerated. Volume was 73 million shares, enough to make GE’s stock the most actively traded on all the major equity exchanges. The stock had rocketed 36% from the Dec. 12, 9 1/2-year closing low of […]

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