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General Electric (GE) Q1 2021 Earnings Call Transcript Motley Fool Transcribing © The Motley Fool Logo of jester cap with thought bubble.
General Electric (NYSE: GE)
Good day, ladies and gentlemen, and welcome to the General Electric first-quarter 2021 earnings conference call. At this time, all participants are in listen-only mode. My name is John. I ll be your conference coordinator today.
[Operator instructions] As a reminder, this conference is being recorded. and I would now like to turn the program over to your host for today s conference, Steve Winoker, vice president of investor relations. Please proceed.
Steve Winoker
Vice President of Investor Relations
ChinaOklahomaUnited-statesJapanIndiaPolandFrancePolishAmericanSteve-winokerLarry-culpJosh-pokrzywinski-morgan-stanleyGE Q4 Profit Surges, Revenue Beats View
FAIRFIELD (dpa-AFX) - General Electric Co. (GE) Tuesday reported a surge in its fourth-quarter profit. However, total revenues for the quarter dropped 16 percent from the prior year. But quarterly revenues beat analysts estimates.
The company expects adjusted earnings per share to be in the range of $0.15 to $0.25 for full-year 2021. Analysts expect annual earnings of $0.38 per share. GE Industrial free cash flow is expected to be $2.5 billion to $4.5 billion.
In Tuesday pre-market trade, GE was trading at $11.83 up $0.84 or 7.64 percent.
The company reported that its net earnings attributable to common shareholders for the fourth-quarter surged to $2.44 billion or $0.27 per share from $538 million or $0.06 per share in the same quarter last year.
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