Why General Electric Stock Jumped Tuesday

·3 min read
Why General Electric Stock Jumped Tuesday

General Electric (NYSE: GE) stock soared Tuesday morning, jumping 5.4% as of 9:55 a.m. EDT after the industrials giant didn't just beat analysts' estimates with its third-quarter numbers but also raised its full-year guidance. Continuing generally accepted accounting principles (GAAP) earnings per share (EPS) were $0.54 versus a loss of $1.04 per share in the year-ago quarter. Delving deeper, General Electric reported a strong order flow across all its segments.

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