General Electric reported on Wednesday a revenue figure for the second quarter that slightly beat analyst expectations, sending the stock higher. However, the industrial giant’s bottom line took a bigger-than-expected hit as the company weathers the coronavirus pandemic.
Here’s how the company’s results compared to analyst expectations:
- Revenue: $17.7 billion vs $17.12 billion forecast
- Loss per share: 15 cents per share vs a loss of 10 cents per share expected by Refinitiv
