General Electric

  • Ecco la 69° Edizione del settimanale "Le opportunità di Borsa" dedicato ai consulenti finanziari ed esperti di borsa.

    Settimana difficile per i principali indici europei e americani, solo il Nasdaq resiste alle vendite grazie ai conti di Nvidia. Il leader dei chip per l’intelligenza artificiale ha riportato utili e prospettive superiori alle attese degli analisti, annunciando anche un frazionamento azionario (10 a 1). Gli investitori però valutano anche i toni restrittivi dei funzionari della Fed che hanno ribadito la visione secondo cui saranno necessari più dati che confermino la discesa dell’inflazione per convincere il Fomc a tagliare i tassi. Anche la crescita degli indici Pmi, che dipingono un’economia resiliente con persistenti pressioni al rialzo sui prezzi, rafforzano l’idea di tassi elevati ancora a lungo. Per continuare a leggere visita il link

  • Due nuove obbligazioni Societe Generale, in Euro e in Dollaro USA

    Societe Generale porta sul segmento Bond-X (EuroTLX) di Borsa Italiana due obbligazioni, una in EUR e una in USD, a tasso fisso decrescente con durata massima di 15 anni e possibilità di rimborso anticipato annuale a discrezione dell’Emittente.

    Per continuare a leggere visita questo LINK
General Electric Co. is expected to report a 17% increase in profit when the conglomerate releases its third-quarter earnings on Friday.

Wall Street is forecasting a GE (NYSE:GE) third-quarter profit of 27 cents a share, or $2.92 billion for the three months ended Sept. 30, according to a survey of analysts by FactSet Research. Analysts expected the conglomerate to report revenue of $37.7 billion.

In the year-ago period, GE reported net income of $2.5 billion,or 22 cents a share, on revenue of $37.8 billion.

Euro will rise ahead of G20Central bank flows will push the euro higher unless the G20 comes up with a currency accord that slows reserve diversification by emerging market central bankers eager to keep their currencies down.
Deutsche Bank analyst Nigel Coe said he expects that GE’s primary driver for earnings growth will be its GE Capital unit, which was hard-hit during the financial crisis.

Coe said in a recent note to clients that GE Capital’s loan loss provisions will fall by about $1 billion to $1.9 billion, boosting the unit’s bottom line despite an expected drop in asset values.

Weighing on GE will be its industrial components unit on lower wind turbines and locomotives revenue, offset by health care strength.

While U.S. expectations for growth in U.S. gross domestic product remain modest, economic expansion has been taking place at a more robust pace in China and India as the world works its way out of a recession.

By virtue of its big presence in overseas markets and lower expenses, GE is expected to outpace the U.S.’s sluggish growth with its latest profit update.

Through its wide array of medical products, real estate, loans, jet engines and media, GE comprises a broad slice of the industrial and financial service economy.

While GE’s third-quarter report reflects its performance up to Sept. 30, the conglomerate has already made some major moves early into the fourth quarter.

On Oct. 6, GE said it would spend $3 billion to buy privately held Dresser Inc., a global energy infrastructure technology and service provider.

On the same day, GE Capital paid an undisclosed sum to buy $1.6 billion in assets in sales finance portfolios from Citi Retailer Partner Cards.

Speriamo che le aspettative vengano confermate ... ! :cool:

Lentamente General Electric dovrebbe tornare ad essere la multinazionale macina profitti di sempre ... ! ;)


PS
Rectitude, courage, compassion, respect, honesty, honourability, loyalty.
:o
 
General Electric: ricavi in calo nel terzo trimestre più delle attese

Finanzaonline.com - 15.10.10

General Electric nel terzo trimestre ha registrato un calo dei profitti da 2,49 a 2,06 mld di dollari, con il risultato per azione sceso da 23 a 18 centesimi; il dato adjusted si è invece attestato a 29 centesimi, dai 22 precedenti. In calo i ricavi, pari a 35,89 mld, dai 37,8 mld del pari periodo 2009. Gli analisti avevano pronosticato un eps di 27c e vendite per 37,4 mld. +7% infine per gli ordini totali nel terzo trimestre, che salgono a 19,4 mld. Il titolo nel pre-market scambia in calo (-0,76%) a 17,16 dollari.

:rolleyes:
 
Non mi pare un fiore questa trimestrale, ricavi e cash flow in calo...
 
Non mi pare un fiore questa trimestrale, ricavi e cash flow in calo...

Il calo degli utili e del fatturato si situa in un trimestre estivo (Luglio-Agosto-Settembre) e a mio avviso risente proprio del fattore stagionale ... :rolleyes:

Vedremo cosa avverrà nel 4Q ...; inoltre, solo allora potremo conoscere il bilancio annuale completo del 2010 e confrontarlo col 2009 ... ?! :rolleyes:

D'altra parte, un rallentamento generale della ripresa economica USA era già noto ... ma pur sempre di ripresa si tratta ... :cool:
 
Aspetteremo il Q4 anche se dubito ci siano grosse possibilità di vedere una crescita... la stagionalità centra poco perchè il confronto è con lo stesso periodo dell'anno scorso... :yes:
 
GE DELIVERS CONSECUTIVE QUARTER OF DOUBLE-DIGIT CONTINUING EPS GROWTH; EPS OF $0.29 FOR 3Q10, UP 32%; GE CAPITAL EARNED $871MM WITH PRE-TAX CONTINUING EARNINGS OF $527MM; EQUIPMENT ORDERS INCREASED 9%

3Q 2010 Highlights (Continuing Operations Attributable to GE)

EPS of $0.29, up 32%; earnings of $3.2 billion, up 29% Total company orders of $19.4 billion, up 7%; equipment orders up 9% GE Capital credit losses continued to decline and earnings are improving; reserves flat $78 billion consolidated cash and equivalents Industrial cash flow from operations on track for $14-$15 billion at YE, high end of plan Industrial operating margins strong at 16.4%, excluding NBCU Executing capital allocation plan, including company stock repurchase ($0.9 billion YTD), increased dividend and strategic acquisitions

GE announced today third-quarter 2010 earnings from continuing operations (attributable to GE) of $3.2 billion, with EPS of $0.29 per share up 32% from the third quarter of 2009. GE's economic environment continues to improve, as evidenced by consecutive quarters of orders and continuing-earnings growth.

Revenues were $35.9 billion for the quarter, down 5%, consistent with the first half of 2010. Revenues were impacted by lower equipment sales and reduced GE Capital assets. GE expects fourth-quarter 2010 Industrial revenues to grow sequentially from third quarter and to be about flat with the year-ago period.

"For the first time in eight quarters, we saw growth in both equipment and service orders," GE Chairman and CEO Jeff Immelt said. "Equipment orders increased 9%, including 33% growth in Technology Infrastructure. We had strong global demand, including orders for 60 GE90 aircraft engines by Emirates, 142 Evolution Series locomotives for the North American market, and seven gas and two steam turbines to supply power to Saudi Electric Company. Healthcare orders in China and India improved by more than 20%. Service-orders growth reflects increased installed-base utilization. Overall backlog remained flat at $172 billion.

"Company execution was strong in the quarter," Immelt said. "Industrial operating margins were 16.4%, up 40 basis points, excluding NBC Universal. We continued to invest for global product leadership, competitive adjacent-market positioning and efficient operations. We increased year-to-date research and development investment 21%. Cash generated from Industrial operating activities totaled $3.8 billion in the quarter and we are on track for $14-$15 billion this year, the high end of our plan. At quarter-end, GE had $78 billion of consolidated cash and equivalents. Strong cash generation remains a hallmark for GE."

Energy Infrastructure delivered as expected in a tough environment, with flat operating profit on declining revenues. Healthcare profit improved 14%, driven by improved global demand. Aviation profits declined, reflecting initial shipments of the new GEnx engine and in comparison to a gain in the third quarter of 2009. Revenues at NBCU were flat at $4.1 billion with operating profit down 15%; NBCU revenue and operating profit were favorable compared to the year-ago period after adjusting for 2009 transactions without comparable events in 2010.

"GE Capital continues to outperform expectations and position itself to play offense," Immelt said. "Higher core income and lower losses indicate that business has turned the corner and our efforts over the past 18 months to strengthen the franchise are paying off. Net earnings of $0.9 billion were up $0.7 billion from a year ago. Reserves remained flat at $9.1 billion, while key performance measurements continued to improve. Further, we saw year-over-year and quarter-over-quarter improvements in most GE Capital portfolios, with particularly strong performance in Consumer and Commercial Lending and Leasing.

"GE Capital has strengthened its franchise into an advantaged specialty-finance player that is creating value for GE shareholders," Immelt said. "GE Capital is well positioned with respect to Basel III capital requirements and we expect earnings growth in our financial services business to continue.

"Also in the quarter, GE Capital increased reserves by $1.1 billion related to our disposition of our former Japan consumer finance business, recorded in discontinued operations," Immelt said. "Based on what we know today, we believe this update fully addresses our claims risk."

There were no other significant charges or gains in the third quarter.

"Effective capital allocation will benefit GE investors as we go forward," Immelt said. "Recent capital-allocation moves have included GE Energy's announced $3.0 billion acquisition of Dresser, Inc., a global energy infrastructure technology and service provider; GE Capital's announced acquisition of $1.6 billion in sales finance portfolios from Citi Retail Partner Cards; and our Power & Water business' announced purchase of Calnetix Power Solutions for entrance into the $1 billion waste-heat-recovery segment. In the third quarter of 2010, we increased the dividend 20% and extended our share repurchase program. We are confident in our financial strength and cash flow.

"Third-quarter 2010 results should give investors confidence that a renewed GE should grow earnings and dividends in 2011 and beyond," Immelt said.

Third-Quarter 2010 Financial Highlights:

Earnings from continuing operations attributable to GE were $3.2 billion, up 29% from $2.5 billion in the third quarter of 2009. EPS from continuing operations was $0.29, up 32% from last year. Segment profit increased 11% compared with the third quarter of 2009 as an over 500% increase at GE Capital more than offset earnings declines of 10% at Technology Infrastructure and 15% at NBCU.

Including the effects of discontinued operations, third-quarter net earnings attributable to GE common shareowners were $2.0 billion ($0.18 per share) in the third quarter of 2010 compared with $2.4 billion ($0.23 per share) in the third quarter of 2009.

Revenues decreased 5% to $35.9 billion. GE Capital Services' revenues fell 2% versus last year to $12.5 billion. Industrial sales were $23.6 billion, down 6% from the third quarter of 2009.

Cash generated from GE Industrial operating activities in the first nine months of 2010 totaled $10.1 billion, down 11% from $11.4 billion last year.

The accompanying tables include information integral to assessing the company's financial position, operating performance and cash flow.

GE will discuss preliminary third-quarter results on a Webcast at 8:30 a.m. ET today, available at GE Investor Relations: Financial News, Investor Information, Investor Events. Related charts will be posted there prior to the Webcast.

* * *

GE /quotes/comstock/13*!ge/quotes/nls/ge (GE 16.30, -0.86, -5.01%) is a diversified infrastructure, finance and media company taking on the world's toughest challenges. From aircraft engines and power generation to financial services, health care solutions, and television programming, GE operates in more than 100 countries and employs about 300,000 people worldwide. For more information, visit the company's Web site at GE : imagination at work.

Caution Concerning Forward-Looking Statements:

This document contains "forward-looking statements" -- that is, statements related to future, not past, events. In this context, forward-looking statements often address our expected future business and financial performance and financial condition, and often contain words such as "expect," "anticipate," "intend," "plan," "believe," "seek," "see," or "will." Forward-looking statements by their nature address matters that are, to different degrees, uncertain. For us, particular uncertainties that could cause our actual results to be materially different than those expressed in our forward-looking statements include: current economic and financial conditions, including volatility in interest and exchange rates, commodity and equity prices and the value of financial assets; the impact of conditions in the financial and credit markets on the availability and cost of General Electric Capital Corporation's (GECC) funding and on our ability to reduce GECC's asset levels as planned; the impact of conditions in the housing market and unemployment rates on the level of commercial and consumer credit defaults; changes in Japanese consumer behavior that may affect our estimates of liability for Grey Zone claims; our ability to maintain our current credit rating and the impact on our funding costs and competitive position if we do not do so; the adequacy of our cash flow and earnings and other conditions which may affect our ability to pay our quarterly dividend at the planned level; the level of demand and financial performance of the major industries we serve, including, without limitation, air and rail transportation, energy generation, network television, real estate and healthcare; the impact of regulation and regulatory, investigative and legal proceedings and legal compliance risks, including the impact of financial services regulation; strategic actions, including acquisitions and dispositions and our success in integrating acquired businesses; and numerous other matters of national, regional and global scale, including those of a political, economic, business and competitive nature. These uncertainties may cause our actual future results to be materially different than those expressed in our forward-looking statements. We do not undertake to update our forward-looking statements.
 
Fase di accumulazione sul titolo GE ... :cool:
 
General Electric riprende a crescere ... !

General Electric compra società diagnostica Clarient

NEW YORK, 22 ottobre 2010 (Reuters)
General Electric Co non interrompe la fase di acquisizioni e annuncia oggi l'acquisto di Clarient Inc, società specializzata nella diagnostica molecolare per i tumori, che pagherà 580 milioni di dollari.
La divisione GE Healthcare offre 5 dollari per azione ordinaria Clarient - che sale oggi del 33% a 4,97 dollari - e 20 per le privilegio.

Il mercato della diagnostica molecolare è previsto triplicare a 47 miliardi di dollari in cinque anni, ma oggi questo business vale circa 400 milioni di fatturato annuo per GE, ha detto John Dineen, presidente e CEO di Healthcare.

Il titolo GE alle 16,40 è di poco positivo in un mercato piatto .SPX. Safeguard Scientifics, che ha il 26% del capitale Clarient, ha annunciato che incasserà 145 milioni.

La maxi-conglomerata GE, che in poche settimane ha acquistato asset di Citigroup e il gruppo Dresser per complessivi 4,6 miliardi, ha detto che intende spendere 30 miliardi di dollari in acquisizioni nei prossimi anni, proposito che è stato interpretato come un segnale di fiducia nella ripresa.

:cool:
 
General Electric: vinta commessa da 750 mln usd per ampliare centrale elettrica in India

http://www.finanzaonline.com/notizie/news.php?id={A849A65F-7F4E-432B-BC89-93862EA2DC5D}?refresh_cens
 
25.10.2010 MILANO (Finanza.com)
General Electric ha annunciato di aver vinto una commessa in India da 750 mln di dollari per l’espansione di una centrale elettrica a Andhra Pradesh.
I lavori comprendono la fornitura di turbine a gas, la formazione del personale e servizi di manutenzione.
L’India è il sesto consumatore mondiale di energia.

:cool:
 
dividendo che sale ancora a 14 cent.....e titolo che si avvicina ai 18 dollari.....


General Electric (GE) upped its quarterly dividend by 17% to 14 cents per share from 12 cents per share, the company announced Friday.
"We are able to increase the GE dividend for the second time this year because of continued strong cash generation, accelerated recovery at GE Capital and solid underlying performance in our Industrial businesses through year-end 2010," GE CEO Jeff Immelt said.
General Electric's dividend had been a tradition among the company's large base of retail investors and a bedrock of sorts until Immelt, who had said he would not lower it, changed course in the wake of the financial crisis. Immelt called the shift, which led to investor lawsuits, one of his most difficult decisions as CEO.
Several banks, including U.S. Bancorp(USB), PNC Financial Services(PNC), JPMorgan Chase(JPM), Wells Fargo(WFC)are expected to begin raising dividends shortly after they get approval from the Federal Reserve. Bank of America(BAC) also recently said it hopes to raise its dividend next year. Citigroup(C), in which the government still owns a stake, is expected to take longer than those institutions.
While GE did not receive a preferred equity investment from the government, it did receive other forms of government support extended to banks like such as a temporary guarantee of its debt issuance. -- Written by Dan Freed in New York.
 
General Electric continua a crescere ... !

General Electric: compra Wellstream. Operazione da 1,3 miliardi di dollari

(ANSA) - ROMA, 13 DIC 2010
General Electric Co. ha raggiunto un accordo per l'acquisizione di Wellstream Holdings, societa' inglese attiva nel campo delle infrastrutture energetiche e focalizzata in particolare sul Brasile, per 800 mln di sterline (1,3 mld di dollari). L'offerta, pari a 786 pence per azione, supera quella di 755 pence rifiutata lo scorso ottobre e supera del 29% il prezzo di chiusura in Borsa di Wellstream del 20 settembre, giorno antecedente all'annuncio dell'interesse manifestato da General Electric.

:cool:
 
Ultima modifica:
General Electric aumenta il portafoglio commesse ... !

14.12.2010 - MILANO (Finanza.com)
General Electric Co. ha annunciato di aver siglato un accordo da mezzo miliardo di dollari con Saudi Aramco per la fornitura di equipaggiamenti e servizi, destinati ad incrementare la capacità produttiva dello stabilimento produttivo di Shaybah.

:cool:
 
NEW YORK (TheStreet) -- General Electric (GE_) plans to buy back a preferred equity investment Warren Buffett's Berkshire Hathaway(BRK.B_) made in the company during the depths of the financial crisis, according to a spokeswoman, citing comments by GE Chairman and CEO Jeff Immelt at the annual investor meeting Tuesday.
Buffett's $3 billion investment in Oct. 2008 pays a hefty 10% annual dividend. Buffett also received warrants to buy $3 billion in GE shares with a strike price of $22.25, according to Bloomberg.
Immelt said he would retire the stake no later than Oct. 2011, when it can be called for a 10% premium.
Buffett reached a similar deal in Sept. 2008 to take a $5 billion preferred stake in Goldman Sachs(GS_) in Sept. 2008. Goldman is also interested in buying out Buffett's stake, according to earlier reports.
GE recently raised its dividend by 17% to 14 cents per share from 12 cents per share.
 
Ge sale del 2% a Wall Street. Ceo annuncia buyback per ricomprare azioni Buffett

Finanzaonline.com - 16.12.10/19:22

Robusto buyback in arrivo per General Electric, operazione finalizzata al riacquisto delle azioni privilegiate per circa 3 mld di dollari cedute a fine 2008 alla Berkshire Hathaway di Warren Buffett. Ad annunciarlo è stato oggi il ceo di Ge, Jeff Immelt.
Pronta reazione positiva del titolo che sale del 2% a quota 17,84 dollari.
 
Ge sopra i 19 di botto...utili superiori alle attese......


GE posts banner profits, upbeat outlook
By :
Date : 21 January 2011 2328 hrs (SST)
URL : GE posts banner profits, upbeat outlook - Channel NewsAsia

NEW YORK: US conglomerate General Electric on Friday posted better-than-expected fourth quarter and 2010 profits, and said it was upbeat about the outlook for this year and the next.

GE said 2010 profit jumped to $12.6 billion dollars, up 15.6 percent from $10.9 billion in 2009.

Earnings per share of $1.15 beat analyst expectations of $1.12.

Full-year revenue fell 4.19 percent to $150.2 billion, but that was still above the average analyst estimate of $150.0 billion.

For the fourth quarter, GE posted earnings of $3.9 billion.

The Connecticut-based giant, whose products range from aircraft engines to home appliances, reported earnings per share of 36 cents, up 33 percent from the same period in 2009. Most analysts had anticipated earnings per share of 32 cents.

Considered a bellwether for the US economy because of its highly diversified businesses, GE reported the first positive revenue growth in nine quarters in the final three months of 2010, as sales rose to $41.4 billion.

"GE ended 2010 with three consecutive quarters of strong earnings growth," Jeff Immelt, GE chairman and chief executive, said in a statement.

Immelt said the company's total orders backlog grew $3.1 billion in the final three months "to a record $175 billion."

"GE exits 2010 with significant momentum," he said. "As we shared at our December 2010 investor update, we expect that GE earnings growth will continue in 2011 and 2012."

Shares in GE surged 5.64 percent higher to $19.47 in early New York trade.

- AFP/de
 
Dividendo trimestrale GE in carniere ... ! ;)
 
utili oltre le attese, dividendo che risale ancora di un pochino....(a 15 cent)



General Electric Co. said Thursday that its first-quarter profit soared 77%, thanks to strength in its transportation, health-care and aviation businesses.
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The Fairfield, Conn.-based conglomerate, considered a global bellwether due to the breadth of its businesses, said its quarterly profit rose to $3.43 billion, or 31 cents a share, from $1.95 billion, or 17 cents a share, in the year-ago period.

Operating earnings totaled $3.6 billion, or 33 cents a share.

Quarterly revenue increased 6% to almost $38.45 billion.

Analysts surveyed by FactSet Research had expected earnings of 28 cents a share, on average, with sales of $34.76 billion.

GE also said its board of directors voted to raise the company’s quarterly dividend by 1 cent, to 15 cents a share, effective in the third quarter.
 
GE Increases Dividend Again After Profit Exceeds Estimates

By Rachel Layne - Apr 21, 2011 6:32 PM GMT+0200

General Electric Co. (GE) boosted its dividend for the third time since July after large-equipment orders and a rebound in the finance unit helped fuel higher quarterly profit than analysts estimated.

Earnings from continuing operations rose 58 percent to $3.58 billion, or 33 cents a share, GE said today. While that topped the average 28-cent projection of 11 analysts surveyed by Bloomberg, narrower margins in industrial divisions dragged profit there below some estimates, and the shares fell.

Chief Executive Officer Jeffrey Immelt plans to speed sales and profit growth this year and in 2012 by focusing on industrial units. He is spending on research and more than $12 billion of acquisitions since October, mostly in energy, as he builds technology offerings and the oil and gas division.

“GE has delivered another relatively clean quarter,” Julian Mitchell, a New York-based analyst with Credit Suisse Group, said in a note to investors. While the energy operating margin trailed his estimate, “we remain upbeat on the prospects for this division given the global power equipment recovery,” Mitchell said.

GE fell 45 cents, or 2.2 percent, to $19.95 at 12:31 p.m. in New York Stock Exchange composite trading, reversing earlier gains. Before today, GE’s 12 percent gain this year had outpaced increases of 5.8 percent by the Standard & Poor’s 500 Index and 7.6 percent by the Dow Jones Industrial Average.

Total sales climbed to $38.4 billion in the quarter, topping the average projection of $34.3 billion.

Order Book
The Fairfield, Connecticut-based company’s total order backlog, a gauge of future profitability, was $177 billion, exceeding the fourth quarter’s $175 billion. Orders at large- equipment divisions including energy, aviation and health care rose 13 percent to $19 billion.

“The status of their order book was a major concern for us as the recovery limped along,” said Peter Sorrentino, senior portfolio manager at Huntington Asset Advisors Inc. in Cincinnati, whose parent company owns more than 2 million GE shares. “We feared they would run down the backlog and imperil future earnings, but this report quiets that fear.”

Sales, which rose 6.2 percent, were helped by more selling days as the quarter ended April 3 rather than March 28 a year earlier.

“It’s rare for a diversified industrial like GE to have every cylinder running smoothly,” said Joel Levington, managing director at Brookfield Investment Management Inc. in New York. “GE had enough positives, particularly energy and GE Capital, to get its engine driving forward.”

Dividend Increase
The dividend will rise 1 cent to 15 cents a share payable July 25 to shareholders of record at the close of business on June 20. GE cut its shareholder payout in February 2009 for the first time since the Depression to conserve about $9 billion as the global recession and credit crunch drained profit from the finance unit. The increases resumed in July.

Share buybacks and the dividend will “take priority as we get to the second half of the year,” Immelt said on a call with investors and analysts. “Our major transactions are done for 2011.”

Immelt said he’s satisfied with the company’s portfolio of businesses and plans no large divestitures.

First-quarter revenue included proceeds from the sale of NBC, which generated 4 cents a share, tempered by 3 cents in restructuring, acquisition and disposition costs, GE said. About $3 billion in charges related to the sale helped push the consolidated tax rate to 53 percent in the quarter, GE said.

Pension Costs
The company doesn’t provide profit or sales forecasts, instead giving investors a “framework” on which to compile their own.

This is the first quarter GE has broken out pension costs or benefits in its income statement on a per-share basis. Including a pension cost of $163 million, net income attributable to common shareholders was $3.43 billion, or 31 cents a share.

Earnings in the energy unit, which includes the world’s biggest power-generation equipment maker and an oil and gas exploration division, fell 6.8 percent to $1.38 billion amid lower prices for wind turbines. Sales rose 9.2 percent to $9.45 billion, helped by acquisitions.

Gas Turbines
GE is “more bullish” on gas-turbine sales amid emerging- market growth including in the Middle East, Japan’s rebuilding of infrastructure after a March earthquake and tsunami and lower natural-gas prices, Chief Financial Officer Keith Sherin said on the call.

GE Energy said March 29 it agreed to buy most of France’s Converteam from Barclays Private Equity Ltd. and LBO France for $3.2 billion to add equipment that helps electricity flow to the power grid from devices such as wind turbines. That capped about $11 billion in energy purchases alone since October.

The division will now concentrate on integrating those purchases, GE Vice Chairman John Krenicki said in an interview last month. The company is also expanding its solar unit, with plans to announce a U.S. plant location in the next three months.

Stronger’ After Recession
“We feel good about our capital allocation plan,” Immelt said on a conference call with analysts. “We’ve executed on the things we said we were going to do for our investors and this positions us for long-term growth.”

Profit at the aviation division, the world’s largest jet- engine maker, rose 5 percent to $841 million on sales of $4.37 billion, higher than some analysts’ estimates.

GE Healthcare, the world’s biggest maker of medical-imaging equipment and information technology systems, posted a 7 percent increase in profit to $531 million. The division’s sales rose 10 percent to $4.09 billion.

“We’re in really good shape for accelerating industrial earnings growth,” Immelt said. “All the precursors are in place: good equipment orders, good backlog growth, good service orders, international growing double digits, and we’re investing to build competitive advantage.”

GE Capital’s net income more than tripled to $1.84 billion from $583 million as consumer finance rebounded and losses declined. Revenue rose 3.3 percent to about $12.3 billion. The unit’s results exceeded Sprague’s forecast by 5 cents.

Bear View
A $317 million gain from GE Capital’s sale of a stake in Turkiye Garanti Bankasi AS helped profit by about 3 cents a share, and having six more days in the quarter than a year earlier added about 1 cent a share, Scott Davis, a New York- based analyst with Morgan Stanley, wrote in a note to clients.

The “stock sell-off may be a bit overdone, but GE gave us little today to get excited about,” Davis, who has an “overweight” rating on the shares, wrote in a note to clients. “While sympathetic to frustrated holders and the bear view, reality is that GE remains one of the only ‘value’ names left in industrial-land.”

Even excluding Garanti, “we feel like we have a very good quarter,” Chief Financial Officer Keith Sherin said in an interview.

Cash generated from industrial operating activities was $1.7 billion in the quarter, as the company works toward a goal of $12 billion to $13 billion a year excluding NBC. GE had $82 billion in consolidated cash at the end of the quarter.

The narrower margins pushed profit in GE’s industrial units below estimates from Mitchell, who rates the stock “outperform” and analysts including Jeffrey Sprague of Vertical Research Partners and Nigel Coe of Deutsche Bank AG, who both rate the stock “hold.”

Industrial Sales
“At the industrial operating level, results missed our forecast by a penny, despite additional days” in the quarter from the year-ago period, said Sprague, who’s based in Stamford, Connecticut. He cited weaker than expected margins in energy, oil and gas and health care.

Industrial product sales declined 6 percent from a year earlier because the figure includes about 1 month of NBC revenue in 2011. Excluding NBC from both periods, revenue rose 8 percent.

GE’s consolidated tax rate was 37 percentage points higher than a year earlier, reflecting the company’s projection that the rate would rise significantly after the NBC sale.

The company’s taxes have been in the public spotlight since the New York Times reported March 24 that GE had a tax bill of zero in 2010, an assertion the company called misleading on its GE Reports website. The criticism prompted a hoax press release last week.

GE has rebuffed the tax bill claim specifically and said the company received no rebate, refund or payment from the government on its 2010 taxes.

Excluding the NBC-related charges and gains, GE’s quarterly tax rate was about 22 percent, and the GE Capital unit’s rate was about 18 percent.

:cool:
 
General Electric, Dati I trimestre 2011 ottimi, un emittente su cui investire ?
General Electric, l' azienda di riferimento per valutare la salute dell' economia USA ha fornito un' ottima trimestrale, obbligazioni a Tasso Variabile come esempio per analizzare il passaggio dal Tasso Fisso a Variabile, forse non è ancora ora.
25 aprile 2011 , ore 21:41 - 0 Commenti
Dati trimestrali più che positivi quelli presentati da General Electric Giovedì 21 Apr 11, il multinazionale statunitense presente in ben 120 paesi continua nella sua politica di re industrializzazione del proprio business imposta dal nuovo CEO.

General electric Business :

Il colosso americano dopo aver “tagliato” parte del business finanziario, si è ricollocato come maggior gruppo mondiale a livello di distribuzione e produzione di energia tradizionale e rinnovabile, distributore di gas e acqua, che in quest’ ultimo settore lo vede al primo posto anche come trattamento delle acque industriali.

Ma G.E. non è solo questo, il gruppo è infatti anche il primo produttore mondiale di motori a propulsione per l’ industria aeronautica, nonché fornitore di locomotive e sviluppatore di tecnologie per ottimizzare l’ aspetto economico – sostenibile dell’ industria su rotaia.

Per non parlare della produzione di apparecchiature elettroniche di largo consumo, apparecchiature inerenti la diagnostica nel campo medicale e la produzione si software.

Il perché di questa premessa, sostanzialmente perché si voleva sottolineare come il business di quest’ azienda è veramente a 360 gradi, sia come presenza su tutti i mercati, sia come tipologia, questo la rende estremamente “elastica” a livello di risultati finanziari in quanto lo sviluppo di una tipologia di prodotto può supportare le minori entrate dovute al calo di altri business e viceversa.

Tale affermazione è stata evidenziata proprio durante la crisi, quando le perdite del settore finanziario sono state assorbite dalla parte industriale dell’ azienda, settore che dopo alcuni anni sta tornando il pilastro fondamentale di GE.

La prefazione, è anche per spiegare il perché sul mercato, sono presenti parecchie emissioni obbligazionarie GE, diciamo che è un modo per tranquillizzare chi davanti a liste interminabili comincia a chiedersi come potrà GE rimborsare tutti questi prestiti, una sensazione più emotiva che razionale ma che può influire sulla decisione di effettuare o meno un investimento.


Detto questo è meglio cominciare a dare dati e indicazioni :
General Electric dati trimestrali :

Il fatturato GE e’ cresciuto del 6% attestandosi a 38,45 miliardi di dollari, contro le aspettative degli analisti che si fermavano ad un incremento del 5%.

L’ utile netto del primo trimestre è aumentato dell’ 80%.

Questo porta il rapporto utile / azioni a 33 cents per azione, sopra ai 28 cents attesi, il tutto si traduce in un aumento del dividendo GE, distribuito trimestralmente, a 15 centesimi per azione.

Gli ordinativi hanno fatto segnare un vero e proprio record con 177 miliardi di dollari.

Se si tiene conto che GE è considerata come un vero e proprio indicatore della salute dell’ economia USA, si comprende l’ importanza che possono avere questi dati :

Comunque, analizzando i vari settori dell’ azienda, si scopre che la divisione Healtcare ha conseguito ottimi risultati.

Il settore energetico è stato rafforzato tramite investimenti che cominceranno a dare risultati nel secondo semestre del 2011.

Il settore finanziario, che aveva creato non pochi problemi durante la crisi finanziaria pur essendo stato ridimensionato, ha triplicato il risultato operativo portandolo a 1,84 miliardi di dollari, con ricavi che hanno registrato un incremento del 3% a 12,32 miliardi di dollari
 
Indietro