Why General Electric Stock Dropped After Earnings Report
General Electric (NYSE: GE) reported earnings this morning. Then its stock dropped.
Down more than 5% initially, GE shares have recovered only a little in afternoon trading -- a 4% loss as of 3 p.m. EDT -- but things certainly could have gone worse. Instead of the $0.10 per share pro forma loss that Wall Street had predicted, GE lost $0.15 per share in the second quarter, or 50% worse than expected.
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Source Fool.com
