General Electric Co. (GE) delivered a profit and met Wall Streetâ€™s expectations, but came up short on beating revenue expectations. The revenue miss is a negative sign to shareholders seeking high growth out of the company.
Adjusted Earnings Per Share decreased 5.26% to $0.36 in the quarter versus EPS of $0.38 in the year-earlier quarter. Revenue decreased 3.78% to $35.12 billion from the year-earlier quarter. Expectations were for earnings of $0.36 and revenue of $35.58 billion.
Revenue increased 0.32% from $35.01 billion in the previous quarter. EPS decreased 7.69% from $0.39 in the previous quarter.