Energy services company Baker Hughes,reported weaker than expected third quarter earnings on Wednesday before the market open. Oilfield services were negatively impacted by Hurricane Ida and supply chain problems. $BKR peers Halliburton reported Monday and Schlumberger reports Friday.
General Electric reported better than expected fourth quarter earnings before the open Wednesday. $GE Shares continued to recover, rising 10% to be up nearly 50% in the past 12 months to its highest level since October 2018.
Energy services company Baker Hughes, a GE Co. reported weaker than expected third quarter earnings on Tuesday before the market open a long with Parent General Electric $GE . $BHGE peers Schlumberger and Halliburton have already reported.
General Electric reported weaker than expected third quarter earnings before the open Tuesday. $GE also slashed its dividend to a penny also an SEC probe into its accounting practices widened. GE fell to a new seven year low on the negative news flood.
Energy services company Baker Hughes, a GE Co. reported second quarter earnings on Friday before the market opened. $BHGE showed a slight miss on weaker revenue but gave a robust outlook on the macro oil structure. Parent General Electric $GE also reported earnings this morning.
Former Dow member General Electric reported better than expected second quarter earnings before the open Friday. Aviation and healthcare were the stand outs, power and renewabe energy the the lagards.
General Electric had been a continuous member of the Dow since 1907, that has come to an end replaced by Walgreens. GE has been sick, having to restate of 2016 and 2017 earnings, constant misses and the worse performing Dow stock for years it seems.
General Electric continues to address their troubling future. $GE responded aggressively after it’s worse than expected 2017 earnings slashing its dividend, board and selling off divisions. This week GE will restate 2016 and 2017 Earnings.
General Electric followed last week’s restatement of 2016 and 2017 earnings with first quarter earnings that came in better than already dialed down expectations giving relief to $GE shares. Aviation was the stand out, power the lagard.
General Electric reported Q4 earnings that missed expectations also saying it is restating previous results. During their conference call $GE announced they were under SEC investigation.