ALSMY - Will GE Kick The Can Down The Road?
General Electric (GE) reports quarterly earnings Friday. Analysts expect revenue of $27.52 billion and EPS of $0.12. The revenue estimate implies a double-digit decline Q/Q. Investors should focus on the following key items:
Shift From Power To Renewal Energy Will Cause Pain
A double-digit decline in revenue sounds like a lot, even for GE. I was expecting another low to high-single digit revenue drop. If revenue falls by double-digits then it will likely be driven by the further diminution of Power Systems and GE Capital. In Q4 2017 revenue for GE's core Industrial