Friday, October 16, 2009

GE Q3 Revenue Disappoints

GE Q3 Revenue Disappoints

General Electric (NYSE: GE) opened at $16.35. So far today, the stock has hit a low of $16.19 and a high of $16.41. GE is now trading at $16.35, down $0.45 (-2.68%). Over the last 52 weeks the stock has ranged from a low of $5.73 to a high of $21.04. GE reported earnings this morning, posting a third-quarter profit of $2.41 billion, or 23 cents per share, on revenue of $37.80 billion. Analysts had forecast a profit of 20 cents per share on revenue of $40.03 billion.

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