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GE Shares Hit New 52-week High with Earnings Due Friday (NYSE:GE)

Submitted by WSN_Staff on Tue, 04/13/2010 - 15:44.
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GE

General Electric Company (NYSE:GE) shares hit $19.13 today, a feat we haven't seen regularly since 2008.  GE reports Q1 2010 earnings Friday (April 16th) morning and shareholders are hoping for good news.

GE ON DECK FRIDAY
The Street is looking for General Electric (GE) to come in with Q1 2010 earnings of around 16 cents per share. The average estimate of GE's revenues for the quarter is $36.79 billion. Compare that to Q1 2009 when GE earned 26 cents per share on $38.41 billion of sales.   GE is expecting flat growth for 2010 as compared to 2009, with revenue increasing late this year. 

Thus far into 2010 GE's stock is up 25% and its 52-week range is from $10.50 to today's new high of $19.13, but will investors cash in profits before Friday's earnings call?

Best of luck to all shareholders playing the call, let's hope for all of us GE has something positive to report on Friday.

Chart for General Electric Co. (GE)

 

 

 

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