trending Market Intelligence /marketintelligence/en/news-insights/trending/yG3A1J8fdB7recOkmCISsg2 content esgSubNav
In This List

General Electric profit misses consensus by 22.1% in Q2

Podcast

Street Talk Episode 87

Blog

A New Dawn for European Bank M&A Top 5 Trends

Blog

Insight Weekly: US banks' loan growth; record share buybacks; utility M&A outlook

Blog

Banking Essentials Newsletter 2021: December Edition


General Electric profit misses consensus by 22.1% in Q2

General Electric Co. said its second-quarter normalized net income amounted to 22 cents per share, compared with the S&P Capital IQ consensus estimate of 29 cents per share.

EPS increased year over year from 22 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $2.26 billion, a gain from $2.18 billion in the year-earlier period.

The normalized profit margin fell to 5.3% from 6.7% in the year-earlier period.

Total revenue rose year over year to $32.75 billion from $32.26 billion, and total operating expenses totaled $28.48 billion, compared with $28.50 billion in the year-earlier period.

Reported net income decreased 13.9% year over year to $2.44 billion, or 24 cents per share, from $2.83 billion, or 28 cents per share.