Press Releases. Income from operations was $124 million, including expenses of $9 million related to the proposed GE Transportation merger, $4 million for restructuring and $4 million for a tax law change in India. SG&A expenses increased mainly due to those expenses, changes in foreign currency exchange rates and acquisitions.
BOSTON—September 14, 2018--GE (NYSE: GE) will hold a webcast on Thursday, October 25, 2018 to discuss the results for the third quarter ending September 30, 2018. The webcast is scheduled to begin at 8:00 a.m. Eastern Time. Materials for the webcast will be posted on GE’s investor website prior to the event.
To access the webcast, listeners should visit the GE website at: ge.com/investor. An archived version of the webcast will be available on the GE website following the webcast.
GE (NYSE:GE) GE drives the world forward by tackling its biggest challenges. By combining world-class engineering with software and analytics, GE helps the world work more efficiently, reliably, and safely. For more than 125 years, GE has invented the future of industry, and today it leads new paradigms in additive manufacturing, materials science, and data analytics. GE people are global, diverse and dedicated, operating with the highest integrity and passion to fulfill GE’s mission and deliver for our customers. www.ge.com
GE’s Investor Relations website at www.ge.com/investor and our corporate blog at www.gereports.com and @GE_Reports on Twitter, as well as GE’s Facebook page and Twitter accounts, contain a significant amount of information about GE, including financial and other information for investors. GE encourages investors to visit these websites from time to time, as information is updated and new information is posted.
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What Is a Quarterly Earnings Report?
A quarterly earnings report is a quarterly filing made by public companies to report their performance. Earnings reports include items such as net income, earnings per share, earnings from continuing operations, and net sales. By analyzing quarterly earnings reports, investors can begin to gauge the financial health of the company and determine whether it deserves their investment.
Fundamental analysts believe that good investments are identified with hard work in the form of ratio and performance analysis. Particular attention is paid to the trend in ratios gleaned from the quarterly earnings reports over time, rather than solely the single data point from each report. One of the most anticipated numbers for analysis is earnings per share, because it provides an indication of how much the company earned for its shareholders.
Understanding the Quarterly Earnings Report
Quarterly earnings reports generally provide a quarterly update of all three financial statements, including the income statement, the balance sheet and the cash flow statement. Every quarterly earnings report provides investors with three things: an overview of sales, expenses, and net income for the most recent quarter. It may also provide a comparison to the previous year, and possibly to the previous quarter. Some quarterly earnings reports include a brief summary and analysis from the CEO or company spokesman, as well as a summary of previous quarterly earnings results.
The quarterly earnings report is generally backed up by the company's Form 10Q, a legal document that must be filed with the Securities and Exchange Commission every quarter. The 10Q is more comprehensive in nature and provides additional details behind the quarterly earnings report. The exact date and time of the quarterly earnings report announcement is obtainable by contacting a company's investor relations department. The 10Q is usually published a few weeks after the quarterly earnings report.
Limitations of the Quarterly Earnings Report
Every quarter, analysts and investors wait for the announcement of company earnings. The announcement of earnings for a stock, particularly for well followed large capitalization stocks, can move the market. Stock prices can fluctuate wildly on days when the quarterly earnings report is released.
For better or worse, a company's ability to beat earnings estimates projected by analysts or the firm itself is more important than the company's ability to grow earnings over the prior year. For example, if the company reports earnings growth from the prior period in its quarterly earnings report, but fails to meet or exceed the estimates published before the release, it may result in a sell-off of the stock. In many ways, analysts estimates are just as important as the earnings report itself.