General Electric Company (NYSE:GE) is expected to report its earning for third financial quarter next week, now investor are looking forward which area would be strong in terms of earnings. The company has move away its business strategy from financial services toward industrial segments, so this earning report will provide some insight into how the shift has affected the company.
Analyst has viewed this change in strategy as positive Goldman Sachs has Praise highly the move and restarted coverage on the company. Analysts wrote in his note, that in long terms the company position is strong and position in attractive markets. The company is simplification actions and efforts after the international financial crisis to make its Capital safer and stronger.
Analysts predicted a decrease of 2.8% to 35% on each share in power equipment business due to weakness in Europe, while its revenue is seen decreasing $35.96 billion to 1.1%.
General Electric Company (NYSE:GE) is working to increase its venture in the gas and oil sector and freshly closed its $3.3 billion takeover of Lufkin Industries, that manufacture equipment used to increase extraction from old oilfields. While the company earlier this month, get a $600 million bond to provide equipment for Russian plant where a liquefied natural gas is develop, and this will also mark the first LNG project in the Arctic for the company.
Despite a hard international economy, the company has recently revealed that it has sees a 10% to 15% increase in its infrastructure businesses in overseas markets in the coming 5 years to 10 years. The company as also gets some gain from booming commercial aviation industry, in which GE manufacture engine for the jets.
While another commercial aviation giant Honeywell International Inc. (NYSE:HON), which makes jet engines, as well as Honeywell (HON), which provide avionics to aircraft manufacture like The Boeing Company (NYSE:BA), Airbus and General Dynamics Corporation (NYSE:GD) will report its financial earnings on Friday. Analyst estimated the firm’s earnings increase of 4.2% in Q3 to $1.25 each share, with revenue to boost 6% to $9.9 billion. General Electric Company shares boosted 0.62% to $24.40 in last trading session.