Why General Electric (GE) Stock Is Moving Higher Today
NEW YORK (TheStreet) -- General Electric
By midmorning, shares had gained 1.5% to $26.51.
The utilities giant reported net income of 33 cents a share over the three months to March, a penny higher than analysts surveyed by Thomson Reuters had expected.
Revenue fell 2% year over year to $34.2 billion and missed estimates of $34.36 billion.
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TheStreet Ratings team rates GENERAL ELECTRIC CO as a Buy with a ratings score of B. TheStreet Ratings Team has this to say about their recommendation:
"We rate GENERAL ELECTRIC CO (GE) a BUY. This is driven by multiple strengths, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its revenue growth, growth in earnings per share, increase in stock price during the past year, good cash flow from operations and expanding profit margins. We feel these strengths outweigh the fact that the company has had sub par growth in net income."
- You can view the full analysis from the report here: GE Ratings Report