General Electric Q2 earnings 28C vs 25C

[ASusilovic]

GE Q2 revenue $37.44B vs $39.11B

GE Capital profit up 93% at $830M



Beating consensus for 1 US cent. Dissapointing.

 

[noob_trad3r]

Suspicious. How is it that it is always these companies beat by 1 cent. It is almost like these Analysts predict the future and then the companies beat them by 1 cent.

Can someone explain how is this possible?

 

[GTS]

Quote from noob_trad3r:

Suspicious. How is it that it is always these companies beat by 1 cent. It is almost like these Analysts predict the future and then the companies beat them by 1 cent.

Can someone explain how is this possible?

Where do you think the analysts get their estimate numbers from? Its not like they have direct access to the company's books.

The company provides the analysts "guidance" so its easy for them to be conservative so that they can beat the analysts estimates.

 

[ptrjon]

Quote from noob_trad3r:

Suspicious. How is it that it is always these companies beat by 1 cent. It is almost like these Analysts predict the future and then the companies beat them by 1 cent.

Can someone explain how is this possible?

two words:

creative accountants.