Rochester, NY 7/14/2009 4:42:29 AM
Market Happenings - GE - Shares Rise for General Electric - Sourced WhisperFromWallStreet.com
General Electric Company
Market Happenings - GE - Shares Rise for General Electric - Sourced WhisperFromWallStreet.com
GEN ELECTRIC CO, GE
Shares of General Electric Co. (GE) climbed Monday as sentiment improved ahead of the conglomerate's second-quarter earnings, scheduled to be reported Friday. Shares of the giant rose 6.6% to $11.48 in recent trading amid a triple-digit rise for the Dow Industrial Average, of which GE is a component. The shares remain down 29% so far this year and 62% off the 52-week high of $30.39, set last August. Still they have doubled from the 18-year low of $5.73 in March. For the second quarter, analysts polled by Thomson Reuters have been expecting to see earnings more than halved to 23 cents a share and revenue fall 10% to $42.16 billion.
ABOUT
General Electric Company (GE) operates as a technology, media, and financial services company worldwide. Its Energy Infrastructure segment produces gas, steam, and aeroderivative turbines; generators; and combined cycle systems, as well as provides water treatment services and equipment. This segment also sells surface and subsea drilling and production systems, floating production platform equipment, compressors, turbines, turboexpanders, and high pressure reactors to national, international, and independent oil and gas companies; and offers equipment overhauls and upgrades, pipeline inspection and integrity services, remote diagnostic and monitoring, and contractual service agreements.
Last Trade: 11.46
Day's Range: 10.87 - 11.50
52wk Range: 5.87 - 30.39
Volume: 101,452,456
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