GE’s Meltdown Might Be the Best Thing to Happen to It

The Great General Electric Debacle of 2017 continued into 2018 as the company on Wednesday reported fourth-quarter earnings that fell short of analysts’ expectations. The dismal details: earnings per share of $0.27 net of special charges vs. a Wall Street estimate of $0.29; revenue of $31.4 billion vs. an estimate of $34 billion. This from a company once famed for never, ever missing Wall Street earnings estimates. GE was the worst performing stock in the Dow last year, and it has continued to fall in 2018.

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