General Electric, Honeywell Post Downbeat Revenue

WSJ ^ | 07/22/2016

[BenLurkin]

GE’s challenges are multiple but consistent, Chief Financial Officer Jeffrey Bornstein said, borne out of slow global economic growth and turbulent geopolitical times—everything from the U.K. vote to leave the European Union to Middle East turmoil and currency shifts.

“All this uncertainty generally limits growth,” Mr. Bornstein said.

The company forecasts revenue will improve over the remainder of the year, helped by an anticipated surge in power turbine shipments.

“Bottom line, we are seeing organic growth accelerating in the second half,” Chief Executive Jeff Immelt said on a conference call Friday. While the company’s oil and gas and transportation businesses are in “tough cycles,” he said the outlook for the global economy “is no better, no worse” than earlier in the year and “85% of our company is in great shape.”

[Major Matt Mason]

Downbeat? I believe the correct term is "dark", at least according to the lamestream media.

[proxy_user]

Here’s the call transcript:

http://seekingalpha.com/article/3990696-general-electric-ge-jeffrey-r-immelt-q2-2016-results-earnings-call-transcript?part=single

As always, pay attention to what the analysts are asking; they emphasize what management wants to gloss over.

[stocksthatgoup]

How much in taxes this year vs last year.

[eyeamok]

helped by an anticipated surge in power turbine shipments.

GE, Killing the Planet one Turbine at a time! /s