Boston, MA 07/19/2013 (wallstreetpr) – General Electric Company (NYSE:GE) seems to make a declaration of a decline of 6.7% in its EPS for its 2nd quarterly period. As per market analysis, a dreary wind and water trade weighs down a profitable oil & gas equipment biz.
The Fairfield, Conn. corporation, which functions in energy, manufacturing, and funding, is likely to report outcomes this week. Market analysts reviewed by Thomson Reuters anticipate General Electric Company will register revenue of $3.6 billion, or 36 cents a share, as compared to $4.01 billion, or 38 cents a share during the same period of last year.
Revenue is projected to stand near $35.55 billion, down 2.6% as against the same period of 2012.
In the last quarterly period, the firm’s sale facts of oil and gas removal tools have performed healthily, analysts told the reporters, even as the company’s turbine and water-management biz performed poorly.
The other main question with the company’s energy biz, Morningstar forecaster Daniel Holland stated, is whether the firm can earn profits on sales of its turbines.
In June 2013, the company declared striving wind-turbine developments in the Brazilian as well as Australian market.
In addition, the company has bagged two Pentagon deals, on Thursday, worth around $93.9 million aggregately.
The lesser of two honors, valued at around $6.9 million to the company’s Aviation section, arrived in the form of a firm-fixed-cost, sole-source agreement to deliver ignition chamber liners. The lining contains explosions of oil or gas furnace or engine to the U.S. Navy. This agreement has a completion date till December 2015.
The bigger honor, valued at around $87 million, works alternatively under the former awarded company-fixed-price deal. This is supplying 22 Lot 17 full-rate manufacture of the F414-GE-400 turbofan engines in order to cater the Navy F/A-18E/F Super Hornet combatant aircraft. This concurrence has a completion time of October 2015.
