Investing.com - General Electric reported on Tuesday third quarter earnings that missed analysts' forecasts and revenue that topped expectations.
General Electric announced earnings per share of $0.35 on revenue of $19.10. Analysts polled by Investing.com EPS of $0.50 on revenue of $18.55B.
General Electric 's are down 22% and is trading at $73.36 , still down 36.85% from its 52 week high of $116.17 set on Tuesday, November 9, 2021.
General Electric follows other major Industrials sector earnings this month
General Electric's report follows an earnings beat by United Parcel Service on Tuesday, who reported EPS of $2.99 on revenue of $24.2B, EPS of $2.86 on revenue of $24.4B.
Lockheed Martin had beat expectations on Tuesday with third quarter EPS of $6.87 on revenue of $16.58B, for EPS of $6.66 on revenue of $16.66B.
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