Will GE meet its lowered profit forecast for 2008?

Suspend date: Sat 31st Jan 11:59pm PST
Settlement date: Sun 8th Feb 2:37am PST
Prediction cut-off: Predictions on this question after Fri 23rd Jan 5am PST have been voided because they were made after the question could be settled

Initial likelihoods: Yes: 50%

Action history:

Created Thu 25th Sep 2008 5:06am PST by reuters

Changed Description Sun 28th Sep 2008 4:40am PST by bayoubear: show details

... or $2.20 to $2.30 per share. Full story: <a href='http://www.reuters.com/article/business/idUSTRE48O34S20080925'>http://www.reuters.com/article/business/idUSTRE48O34S20080925</a> <br/> <br/> <b><i>To settle as a YES, GE's earnings must be $1.95 or greater. A NO settlement would be $1.94 or lower. </b></i>

Changed Description Sun 28th Sep 2008 6:13am PST by bayoubear: show details

... href='http://www.reuters.com/article/business/idUSTRE48O34S20080925'>http://www.reuters.com/article/business/idUSTRE48O34S20080925</a> <br/> <br/> <b><i>To settle as a YES, GE's earnings per share must be $1.95 or greater. A NO settlement would be

Changed Description Sun 28th Sep 2008 6:15am PST by bayoubear: show details

... to $2.30 per share. Full story: <a href='http://www.reuters.com/article/business/idUSTRE48O34S20080925'>http://www.reuters.com/article/business/idUSTRE48O34S20080925</a> <br/> <br/> ... <b><i>To settle as a YES, GE's earnings per share must be $1.95 or greater. A NO settlement would be $1.94 or lower. </b></i>

Suspended Sat 31st Jan 11:59pm PST : Suspend date reached

Settlement requested Thu 5th Feb 6:35pm PST by chuck: .
I am not a financial expert, but believe this market should settle as no. Below is a financial report from GE. If further information is needed, google, "ge 2008 financial report." There is a lot of information on this. I believe that the 2008 EPS is 1.79 or less.

http://www.ge.com/pdf/investors/events/01232009/ge_webcast_pressrelease_01232009.pdf

Settled as 'No' Sun 8th Feb 2:37am PST by bayoubear: From the GE Press Report: http://www.ge.com/pdf/investors/events/01232009/ge_webcast_pressrelease_01232009.pdf

"Full-year (FY) EPS of $1.79 before preferred dividend, or $1.78 attributable to common shareowners;
FY earnings of $18.1 billion"

The lowered forecast was for $19.5 to 21 billion, so they did not meet their adjusted prediction. News was released on January 23, so suspension time is set for 8 AM EST on 1/23. Wagers made after that time are voided and refunded.

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Suspend date: Sat 31st Jan 11:59pm PST
Settlement date: Sun 8th Feb 2:37am PST
Prediction cut-off: Predictions on this question after Fri 23rd Jan 5am PST have been voided because they were made after the question could be settled details