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General Industrial Machinery Stocks Q3 Results: Benchmarking General Electric (NYSE:GE) [Yahoo! Finance]
Last ge aerospace earnings: 4/30 04:02 pm
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General Industrial Machinery Stocks Q3 Results: Benchmarking General Electric (NYSE:GE) As the Q3 earnings season comes to a close, it's time to take stock of this quarter's best and worst performers in the general industrial machinery industry, including General Electric (NYSE:GE) and its peers. Automation that increases efficiency and connected equipment that collects analyzable data have been trending, creating new demand for general industrial machinery companies. Those who innovate and create digitized solutions can spur sales and speed up replacement cycles, but all general industrial machinery companies are still at the whim of economic cycles. Consumer spending and interest rates, for example, can greatly impact the industrial production that drives demand for these companies' offerings. The 15 general industrial machinery stocks we track reported a mixed Q3. As a group, revenues were in line with analysts' consensus estimates while next quarter's revenue guidance was 5
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