HALISTER: GE Says 2018 EPS Goal at High End of Expectations; Shares Drop

GE Says 2018 EPS Goal at High End of Expectations; Shares Drop

(Bloomberg) -- General Electric drops sharply as CEO Jeff Immelt starts presenting at the EPG conference; in slides for the conference, GE says its 2018 EPS goal of $2 is at "high end of expectations where markets are today."
  • Says hitting goals will require additional cost contingencies
  • Expects 2018 to be in line with GE’s goals of 3%-5% organic growth and 100bps of margin improvement
  • Sees more than $1b cost out in 2018
  • GE falls as much as 1.3%
  • NOTE: May 19, PREVIEW EPG CONFERENCE: Activist ’Crosshairs’ Among Industrials
To contact the reporter on this story: Esha Dey in New York at edey@bloomberg.net To contact the editors responsible for this story: Arie Shapira at ashapira3@bloomberg.net Sebastian Silva

Alert: HALISTER
Source: BFW (Bloomberg First Word)

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GE US (General Electric Co)

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Jeffrey Immelt (General Electric Co)

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