A GE employee worked on a gas turbine in France. Source: Barron's
General Electric (GE) reports quarterly earnings Thursday. Analysts expect revenue of $32.67 billion and EPS of $0.22. A lot has changed over the past several months. In June 2018 GE announced a major restructuring to create a simpler, stronger industrial company. NewCo will now focus on Aviation, Power and Renewable Energy. The other businesses, such as Transportation, Baker Hughes (BHGE) and Healthcare are being sold off or separated as standalone businesses.
Proceeds from asset sales will be used to