=General Electric (GE) reported earnings on Wed 30 Oct 19 (b/o)

General Electric beats by $0.03, beats on revs; reaffirms FY19 EPS guidance, raises industrial FCF

Reports Q3 (Sep) earnings of $0.15 per share, excluding non-recurring items, $0.03 better than the S&P Capital IQ Consensus of $0.12; revenues fell 0.1% year/year to $23.36 bln vs the $22.93 bln S&P Capital IQ Consensus. 

Organic orders (1)%; backlog of $386B, +14% y/y. GE Industrial segment organic revenue growth of +7%; Adjusted GE Industrial profit margins +130 bps organic. Order: Power -30%, Renewable energy +30%, Aviation -4%, healthcare +1%

Co reaffirms guidance for FY19, sees EPS of $0.55-0.65, excluding non-recurring items, vs. $0.60 S&P Capital IQ Consensus; industrial segment organic revenue growth up mid single digits, adj. margin +0-100 bps, FCF to $0-2 bln from ($1)-1 bln; restructuring to +$1.3 bln.