The Traderszone Network

Published in TZ Latest News 3 December, 2015 by The TZ Newswire Staff

GE sees earnings benefit from Alstom deal at low end of estimate

General Electric Co (GE.N) expects benefits from its acquisition of Alstom SA’s (ALSO.PA) power business to come in at the low end of the U.S. conglomerate’s previous estimate for 2016, the company said on Thursday, citing delays in closing the deal. GE, which is expected to give its full 2016 profit forecast later this month, is estimated by analysts to earn $1.52 per share in 2016, according to Thomson Reuters I/B/E/S.

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