GE (GE) recently revised its guidance. For the the third quarter it moved its estimates to a range of $.43 to $.48 per share from the previous figures of $.50 to $.54
For the full year, it took down the numbers to a range of $1.95 to $2.10 per share from $$2.20 to $2.30 per share.
Today, according to Reuters, "Deutsche Bank cut GE’s 2008 earnings per share estimate by 9 percent to $2." It cut 2009 earnings to $1.95.
"GE Capital’s swap spreads had hit a record wide of 740 basis points earlier on Wednesday and are up from about 398 basis points a week ago."
Wall St, has to wonder what GE’s latest internal numbers are for next year..
Douglas A. McIntyre
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