Why GE Shares Are Falling Today
Why GE Shares Are Falling Today
GE authorized share repurchases of up to $3 billion on an ongoing basis in the first quarter.General Electric Company (NYSE:GE) shares are trading lower Tuesday after the company reported financial results and announced it's experiencing ongoing challenges stemming from the Russia-Ukraine conflict, COVID-19 impacts in China, inflationary pressures and material sourcing delays.
通用电气公司(纽约证券交易所股票代码：GE)周二股价下跌，此前该公司公布了财务业绩，并宣布正在经历持续的挑战，这些挑战来自俄罗斯-乌克兰冲突、中国新冠肺炎的影响、通胀压力和材料采购延迟。
Despite the challenges, GE reported first-quarter revenue of $17.04 billion, which beat the $16.91 billion estimate. The company reported quarterly earnings of 24 cents per share, which beat the estimate of 19 cents per share. GE also reported total orders of $18.9 billion in the quarter.
尽管面临挑战，通用电气公布第一季度营收为170.4亿美元，超过了169.1亿美元的预期。该公司公布的季度收益为每股24美分，超过了预期的每股19美分。通用电气还报告称，该季度总订单为189亿美元。
"We're holding the outlook range we shared in January, but as we continue to work through inflation and other evolving pressures, we're currently trending toward the low end of the range," said H. Lawrence Culp, CEO of GE.
他说：“我们维持了1月份的展望区间，但随着我们继续应对通胀和其他不断变化的压力，我们目前正趋向于该区间的低端。”劳伦斯·卡尔普，通用电气首席执行官。
GE authorized share repurchases of up to $3 billion on an ongoing basis in the first quarter.
通用电气在第一季度授权进行高达30亿美元的股票回购。
See Also: Why UPS Shares Are Trading Higher Today
另请参阅：为何UPS股价今日走高
GE 52-Week Range: $85.29 - $116.16
通用电气52周范围： $85.29 - $116.16
According to data from Benzinga Pro, the stock was down 5.49% at $84.96 at time of publication.
根据Benzinga Pro的数据，截至发布时，该股下跌5.49%，至84.96美元。
Photo: courtesy of GE.
图片来源：GE提供。
