Investing
Citigroup Says General Electric (GE) Could Lower Guidance At Tomorrow's Event
Published:
Citigroup commented on General Electric Co. (NYSE: GE) ahead of tomorrow’s GE Capital webcast. The firm said the webcast could be a forum to lower its 2009 outlook.
The analysts noted that in prior years, when street estimates were too high, GE held late November/Early December meetings and used them as a forum to lower expectations so the CEO could focus more on strategy, etc as the late-December meeting. The firm said the likelihood of this being the case this year appears reasonably high given the short notice on the webcast (announced on 11/25) and the unprecedented macro and financial upheaval.
Want to Retire Early? Start Here (Sponsor)
Want retirement to come a few years earlier than you’d planned? Or are you ready to retire now, but want an extra set of eyes on your finances?
Now you can speak with up to 3 financial experts in your area for FREE. By simply clicking here you can begin to match with financial professionals who can help you build your plan to retire early. And the best part? The first conversation with them is free.
Click here to match with up to 3 financial pros who would be excited to help you make financial decisions.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
