
Will GE meet its lowered profit forecast for 2008?
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.
Background:>
Settlement details:As reported by www.reuters.com
- Activity: H$19,412 |
- Predictions: 39 |
Comments: 1
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:
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
"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.
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
Predictions (39)
Comments (1)
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