“At Least”

Shares of General Electric (GE) fell sharply today, even more than the rest of the market, after the company forecast earnings growth of 10% for next year.
There was one widdle biddy problem. The press release left out the words “at least.”
Oopsie!
The stock dropped quickly 4.75% or roughly $18 billion.
The company rushed to clarify that it’s looking to grow EPS by at least 10% next year, which makes more sense. Check out the words “or better” at the top of this press release. GE was playing the typical Wall Street game of lowering expectations.
By the way, when you talk about GE’s numbers you’re really in a different universe. For Q4, GE is looking for 67 to 69 cents a share. Well, those two pennies translate to….
**Dr. Evil Voice**
Two Hundred MILLION Dollars
Mwahahaha

Posted by on December 11th, 2007 at 5:16 pm


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