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GE Missed Earnings Expectations. Why Its Stock Is Flying.

Por: MarketWatch Business January 26, 2021

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The company reported $21.9 billion in sales and 8 cents in adjusted per-share earnings. Wall Street projected 9 cents in adjusted earnings per share, meaning GE missed by a penny. GAAP, short for generally accepted accounting principles, earnings came in at 27 cents a share. The difference between the two in the case of GE is driven by restructuring spending, business dispositions, and income tax calculations. “As 2020 progressed, we... + full article



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