=General Electric (GE) reported earnings on Fri 22 Jul 2016 (b/o)

General Electric beats by $0.05, beats on revs; reaffirms FY16 EPS guidance  :

• Reports Q2 (Jun) Indistrial + Verticals earnings of $0.51 per share, excluding non-recurring items, $0.05 better than the Capital IQ Consensus of $0.46; revenues rose 14.6% year/year to $33.49 bln vs the $31.57 bln Capital IQ Consensus. 
• Slow growth and volatile environment
• Industrial Orders -2%; -16% organic.
  • Equipment orders (30)% organically driven by market pressure in O&G and Transportation; Power (27)% & Aviation (37)% on tough comps
  • Alstom orders $4.5B: Power $2.9B, Renewables $0.2B, Grid $1.4B.
• Industrial margins ex. Alstom flat.
• Co reaffirms guidance for FY16, sees EPS of $1.45-1.55, excluding non-recurring items, vs. $1.50 Capital IQ Consensus.
• Record backlog $320 billion, +17% vs 2Q'15, +6% ex. Alstom