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Friday, July 20, 2012

Earnings To Watch: General Electric & Xerox Corporation (NYSE: GE, XRX)


General Electric Company(NYSE:GE) is slated to report its second quarter financial results before the market open on Friday and analysts are estimating the company to report single digit growth both in its bottom line and top line. Average analysts are estimating the search engine giant to earn $0.37 a share, up from a year ago profit of $0.34 a share. The highest EPS estimate calls for $0.38, while the lowest estimate states $0.37 a share. Revenue is also expected to grow 3.30% year over year to $36.80 billion, from $35.62 billion a year ago quarter. Whisper earnings for the company are 35 cents a share, 2 cents lower from analysts’ estimates.

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Shares of GE have jumped over 3% since it reported its first quarter earnings, while shares are up 10.55% so far this year.  On Thursday, the stock closed down 0.20% at $19.80. Following are the brief overview of the company’s past reported EPS and estimate by analysts:-


Xerox Corporation(NYSE:XRX) is also to report its second quarter financial results before the market open on Friday with analysts are estimating a slight fall both in its bottom line and top line. Average analysts are estimating the search engine giant to earn $0.26 a share, down from a year ago profit of $0.27 a share. The highest EPS estimate calls for $0.27, while the lowest estimate states $0.25 a share. Revenue is also expected to fall 0.30% year over year to $5.59 billion, from $5.61 billion a year ago quarter.

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Shares of XRX have fallen over 9% since it reported its first quarter earnings, while shares are down 8.50% so far this year.  On Thursday, the stock ended flat at $7.90. Following are the brief overview of the company’s past reported EPS and estimate by analysts:-


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