Recently, the third quarter earnings report of General Electric Company (NYSE:GE) was made available in which an earnings of $0.36 per share was reported. This result of General Electric Company has managed to beat the result of consensus including 14 analysts. This was similar to the last year’s third quarter results of the company. The PE ratio of General Electric Company is lying below the miscellaneous capital goods industry average and also signals that all the investors are not willing to pay a premium for the stocks available with the company.
Moreover, during the last year the earnings growth has managed to cross the five year growth rate which was 17.48%. This is excluding the dividends as compared to the S & P 500’s 22.78% profit. Recently, the company went ex – dividend with a $0.19 per share dividend which was paid later on for a yield of 2.94%.
Apart from talking about the earnings report, General Electric Company also agreed with the Clean Energy Fuels on a deal where General Electric Company would finance purchases and leases of the natural gas fueled trucks. This would allow the natural gas fueled trucks to fleet operators in obtaining natural gas fueling contracts with Clean Energy and then apply for loans or leases from the capital of General Electric Company. But the exciting part about the news is that Clean Energy would offset the monthly cost of the truck to make it comparable with the cost of the diesel trucks.
GE also announced that they will sell their power rental business to APR energy.
General Electric Company is considered to be a finance services and diversified technology company which is operating in the field of power generation, aircraft engines, household appliances, industrial products, medical imagine, business and consumer financing and also water processing.
