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Why General Electric Stock Aced an 8% Gain Thursday

TheMotleyFool

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Shareholders of General Electric (NYSE: GE) woke up to a sunny outlook for their stock this morning -- and an 8.4% pop in its price, through 10:15 a.m. ET.

The reason: This morning, GE held a "virtual investor meeting" at 7:30 a.m. ET, reaffirming prior estimates for full-year revenue, earnings, and free cash flow. Investors were pleased with the news, and they're voting with their wallets, in favor of GE stock.

Here's a quick rundown of what the industrial giant revealed this morning, courtesy of minute-by-minute reporting from news site The Fly:

Source Fool.com

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