General Electric Quarterly Earnings Analysis: By the Numbers

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General Electric (GE) just reported its preliminary financial results for the quarter that ended Sept. 30., based upon which we provide a unique corporate earnings release based analysis of its performance. Our analysis focuses on the company's performance for the same quarterly period on a year-on-year basis (unless stated otherwise).

This earnings release follows the earnings announcements from the following peers of General Electric: Honeywell International (HON) and Danaher (DHR).

Highlights:

  • Summary numbers: Revenues of $35.916 billion, Net Earnings of $3.480 billion and EPS of $0.35. Performance focus on earnings: same period year-on-year change in earnings of 6.32% better than change in revenues of 1.13%

  • Gross margins now 21.25% from 52.47% compared to the same period last year, EBITDA margins now 16.74% from 23.80%

  • Earnings growth from operating margin improvements as well as from unusual items