Friday, July 15, 2005

GE posts record profits

Wow, all 11 GE businesses divisions have double-digit earnings growth? That sounds great to me. Must have been some awesome execution going down. The next quarters may not be so hot because they narrowed the range to $1.80-1.83 but didn't raise these estimates. Also their revenue seemed to be a bit lower then estimates. I seems like it would be a decent core holding with a good growth rate and still selling at a fairly low PE. I wish they would raise their dividend though.

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