Displaying results: 1 - 10 of 14 (0.08 seconds)

Exact Answers :

GE may give lower expectations for the company’s performance next year during a webcast tomorrow to detail finance unit GE Capital’s 2009 outlook, Citigroup Inc. analyst Jeffrey Sprague said in a note to clients.

GE may give lower expectations for the whole company’s performance next year during a webcast tomorrow to detail finance unit GE Capital’s 2009 outlook, Citigroup Inc. analyst Jeffrey Sprague said in a note to clients.

Near Answers :

More Latest News More News Headlines Popular News Stories Latest News Lobbyists paid $174M to influence state gov’t Macy’s increases outlook on down sales Delta: Traffic declined in April Obama outlines 121 cuts to save $17B US Airways announces $150M stock-debt offering Most Viewed Stories GE Energy to help forecast wind BofA disputes report on equity raising Bombers in Schenectady opens today Delta execs outline pay in memo before proxy filing Murphy’s replacement named at VC firm Most Emailed Stories $120M available for upstate development GE launches $6B health care initiative Good management helps maximize cash flow Toll Brothers holds grand opening Wolf Road Holiday Inn under new management Business Pulse Survey Do we need GM?

THREE-MONTH WAIT ENDS GE's former triple-A rating, which S&P first applied to the company in 1956, had been up in the air since December, when S&P lowered its outlook on the company.

Again, expectations from the market are so bad that its possible that GE Capital could very well exceed the low expectations and get another nice pop.

As you know, I spent the first 20 years of my career at GE, Emerson and AlliedSignal and I’ll always have a mindset of continuing total cost productivity, month-by-month, quarter-by-quarter, year-by-year.

A lot happened in the markets this week: the government took a larger ownership stake in Citigroup ( C ); blue chip stalwarts JPMorgan Chase ( JPM ) and General Electric ( GE ) both slashed their dividends; durable goods and housing data failed to meet already lowered expectations; Q4 GDP was revised down to a 6.2% annualized drop; and the S&P 500 index fell to levels not seen since 1996.

GE has a history of managing EPS expectations, putting out rosy forecasts at the beginning of the period and managing analysts’ forecasts down through the period so it appears the company does not have a negative EPS surprise.

More Latest News More News Headlines Popular News Stories Related Industry News Wall Street takes back seat to Barack Obama [Tampa Bay] Stocks tumble on Inauguration Day [San Francisco] Stocks tumble on Inauguration Day [Albany] Wall St. disappoints on inaugural Tuesday [Pittsburgh] Stocks tumble on inauguration day [Baltimore] Latest News Americans drove less during 2008's gas price spike Intel Chairman Barrett to step down AMD execs take pay cuts Former Senate Majority Leader Bruno indicted Former Fed chair Volcker to speak at Union graduation Most Viewed Stories Hewlett-Packard CEO gets $42.5M compensation in 2008 NY cancels $2B M/A-Com contract Analysts scramble to cut outlook on banks Former Senate Majority Leader Bruno indicted M/A-Com considers taking NY to court Most Emailed Stories Former Senate Majority Leader Bruno indicted Historic low: Trans World’s stock closes below $1 Paterson appoints Gillibrand U.S. Senator GE profits drop 44%; GE Energy profits up Will college donations drop in ‘09?

More Latest News More News Headlines Popular News Stories Latest News Americans drove less during 2008's gas price spike Intel Chairman Barrett to step down AMD execs take pay cuts Former Senate Majority Leader Bruno indicted Former Fed chair Volcker to speak at Union graduation Most Viewed Stories Hewlett-Packard CEO gets $42.5M compensation in 2008 NY cancels $2B M/A-Com contract Analysts scramble to cut outlook on banks Former Senate Majority Leader Bruno indicted M/A-Com considers taking NY to court Most Emailed Stories Former Senate Majority Leader Bruno indicted Historic low: Trans World’s stock closes below $1 Paterson appoints Gillibrand U.S. Senator GE profits drop 44%; GE Energy profits up Will college donations drop in ‘09?