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General Electric shares rise after second-quarter revenue is slightly better than expected

July 29, 2020


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

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