Quarterly Report Card - Report on General Electric Company

Aug 11, 2015, 09:10 ET from www.aciassociation.com

NEW YORK, August 11, 2015 /PRNewswire/ --

ACI Association has initiated research coverage on General Electric Company (NYSE: GE). Select highlights from the internally released reports are being made available to the general public (included below), with access to the entirety of the research available to new members.

Today, membership is open to readers on a complementary basis at the following URL: http://www.aciassociation.com/?c=GE

Highlights from our GE Report include:

  • Second Quarter Results - On July 17, 2015, General Electric announced its financial results for the second quarter of fiscal 2015. GE reported revenues of $32.8 billion for Q2 FY15, vis-à-vis $32.3 billion reported in Q2 FY14, thereby clocking a 2% growth on a y-o-y basis. However, the Company suffered a net loss of $1.36 billion for the quarter as against reported earnings of $3.54 billion in the previous year quarter, due to loss from discontinued operations.
  • Segment Performance - For the reported quarter, revenue from General Electric's Industrial segment totaled $26.9 billion wherein its Power & Water segment generated revenues of $6.8 billion, Oil & Gas contributed $4.1 billion, Energy Management pulled in $1.8 billion, Aviation brought in $6.3 billion, Healthcare added $4.3 billion, Transportation $1.4 billion and the Appliances & Lighting contributed a further $2.2 billion in revenues. As per the release, four of the seven industrial segments experienced a growth compared to the second quarter of 2014. Among these, the Transportation segment with 9% and the Power & Water segment with 8% led the way. Oil & Gas was the laggard seeing revenues decline by 15% on a y-o-y basis.  
  • Portfolio Sales - In its transcript, GE informed that, during the quarter, the Company signed deals representing approximately $23 billion of ENI, which puts the year-to-date total at $68 billion. The Company remains on track to close approximately $100 billion of its portfolio by the year end with the signing expected to range $120 billion to $150 billion.
  • Management Speak- Jeff Immelt, Chairman and CEO of GE said that the Company had a strong second quarter, with good industrial organic growth and exceptional cash generation. He also talked about how the environment remains one of slow growth and volatility, particularly in the growth markets, while the market is U.S is observing gradual improvement. He added that GE's industrial businesses had another quarter of strong EPS growth of 18% and orders up 8%. He finally concluded by saying that the management is raising its Industrial operating EPS guidance to $1.13- $1.20, and that GE Capital verticals are on track to deliver an EPS of $0.15.

To find out how this influences our rating on General Electric Company read the full report in its entirety here: http://www.aciassociation.com/?c=GE

--

About ACI Association: 

Active Charter Investors Association ("ACI Association") produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and micro-cap stocks. ACI Association has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below.

ACI Association has not been compensated; directly or indirectly; for producing or publishing this document.

PRESS RELEASE PROCEDURES:  

The non-sponsored content contained herein has been prepared by a writer (the "Author") and is fact checked and reviewed by a third party research service company (the "Reviewer"). Rohit Tuli, a CFA® charter holder (the "CFA®"), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on sound investment judgment and publicly available information which is believed to be reliable. The Reviewer and the CFA® have not performed any independent investigations or forensic audits to validate the information herein. Unless otherwise noted, any content outside of this document has no association with the Author, the Reviewer, or the CFA® (collectively referred to as the "Production Team") in any way. The Production Team is compensated on a fixed monthly basis and do not hold any positions of interest in any of the securities mentioned herein.

NO WARRANTY 

ACI Association, the Author, the Reviewer and the CFA® (collectively referred to as the "Publishers") are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted by the Publishers whatsoever for any direct, indirect or consequential loss arising from the use of this document. The Publishers expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, the Publishers do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.

NOT AN OFFERING 

This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither ACI Association nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit http://www.aciassociation.com/.

RESTRICTIONS 

ACI Association is not available to residents of Belarus, Cuba, Canada, Iran, North Korea, Sudan, Syria or Somalia. Do not send email to robottrap (at) aciassociation.com.

CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.

SOURCE www.aciassociation.com