GE, RTX and COF Top Estimates; GE Shares Fall 3.67%

A broad group of large U.S.-listed companies reported results on Tuesday, Oct. 20, and most posted earnings per share above consensus estimates, according to FMP data covering companies valued at $10 billion or more. Three companies, UAL, ELS and MLI, reported EPS below estimates.

GE earned $2.25 per share against a $2.01 estimate, on revenue of $14.12 billion versus $12.88 billion expected. Its shares fell 3.67% to 299.87, the largest decline among large caps on the day. RTX reported EPS of $2.26 versus $1.78, with revenue of $24.97 billion against $24.11 billion. NOC earned $7.89 per share against $7.18, and MMM $2.50 against $2.38.

NFLX reported EPS of $0.87 versus $0.82 expected and revenue of $12.87 billion, essentially matching the forecast; the stock fell 1.66%. ISRG earned $3.00 per share against $2.65, with revenue of $3.05 billion versus $2.91 billion. GM posted EPS of $3.70 against $3.69 on revenue of $50.02 billion versus $48.78 billion. SPCX reported EPS of $0.35 against a $0.13 consensus, on revenue of $14.58 billion versus $12.87 billion.

Among financials, COF earned $6.69 per share versus $5.53 expected, SYF $2.68 versus $2.42 and KEY $0.51 versus $0.4644. HAS reported EPS of $2.90 against a $1.86 estimate, with revenue of $1.60 billion versus $1.48 billion.

UAL earned $2.54 per share, below the $2.57 estimate, on revenue of $17.90 billion, in line with forecasts. ELS reported $0.45 against $0.509, and MLI $1.00 against $1.08, though MLI's revenue of $1.42 billion topped the $1.29 billion estimate. The calendar does not indicate whether reports were issued before or after the session.

Data

Data: FMP, FRED. Figures are close-to-close unless stated.