GE Posts Q4 Loss, Revenue Misses View
General Electric (GE) reported a loss for the fourth-quarter, compared to profit in the prior year, reflecting charges for insurance-related items, the Tax Cuts and Jobs Act, and industrial portfolio items. Quarterly revenues declined 5% from the previous year. Revenues missed analysts' estimates. But Shares of GE increased 1.95% in premarket trade Wednesday.
Source: RTTNews