** chart before earnings **
** charts after earnings **
General Electric beats by $0.02; narrows FY16 EPS in-line, lowers organic rev growth; increasing buyback by $4 billion :
- Reports Q3 (Sep) earnings of $0.32 per share, excluding non-recurring items, $0.02 better than the Capital IQ Consensus of $0.30; total segment revenue rose 3.8% year/year to $30.02 bln; consolidated rev +4% to $29.27 bln; unclear which is comparable to $29.68 bln Capital IQ Consensus.
- 3Q'16 orders $26.9B, +16%; (6)% organic.
- Backlog strong at $319B
- Alstom orders $5.2B with strength across the board
- Services orders +1% organically
- Strength in services across Renewables, Aviation & Healthcare
- Backlog +6% ex. Alstom
- Slow growth and volatile environment... Challenges continue in resource sector
- Co issues in-line guidance for FY16, narrows EPS to $1.48-1.52 from $1.45-1.55, excluding non-recurring items, vs. $1.49 Capital IQ Consensus.
- Organic growth +0-2% from +2-4%, +4% ex-O&G; CFOA +$32 bln.
- Bridge to 2018: More challenging environment for Oil & Gas and related markets ... still positive on long-term outlook + Sustained performance in rest of GE.
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