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Earnings Season: Why GE's struggles ain't over yet

Expectations are low ahead of the quarterly report from US conglomerate General Electric, which is due on Friday before US markets open, says Saxo Bank’s Peter Garnry.

GE is forecast to report earnings of 26 US cents a share, according to the median of estimates compiled by Thomson Reuters. Analysts see revenues of USD 28.57 billion, down from USD 36.17 billion a year ago.

GE is currently undergoing a transformation with the disposal of media and financial businesses to strengthen the focus on its activities with the energy and aviation industries, Garnry says. But it will take as much as five years before GE is finished cleaning up its portfolio, he adds.

In the meantime, GE is challenged by a slowdown in China and other emerging markets as well as the strength of the US dollar, Garnry says as he outlines what to expect from the quarterly report.

02:44 minutes
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