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Reports Q3 (Sep) earnings of $0.06 per share, excluding non-recurring items, $0.09 better than the S&P Capital IQ Consensus of ($0.03);

revenues fell 16.9% year/year to $19.42 bln vs the $18.94 bln S&P Capital IQ Consensus.Industrial free cash flow expected around $2.50 bln in Q4.

Stock is reacting favorably, back up to $7.50+ PreMarket. ER Call is scheduled for 8AM.

Finally some bullish movement this week! I hopefully it continues to rise. I don't want to get stuck with all those $7.50 puts I sold!

>Reports Q3 (Sep) earnings of $0.06 per share, excluding non-recurring items, $0.09 better than the S&P Capital IQ Consensus of ($0.03); >revenues fell 16.9% year/year to $19.42 bln vs the $18.94 bln S&P Capital IQ Consensus.Industrial free cash flow expected around $2.50 bln in Q4. Stock is reacting favorably, back up to $7.50+ PreMarket. ER Call is scheduled for 8AM. Finally some bullish movement this week! I hopefully it continues to rise. I don't want to get stuck with all those $7.50 puts I sold!

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More info just posted.

6:38 AM ET 10/28/20 | MarketWatch

Shares of General Electric Co. (GE) jumped 5.6% in premarket trading Wednesday, after the industrial conglomerate reported a surprise third-quarter adjusted profit and positive cash flow, as revenue fell less than forecast. The company reported a net loss that narrowed to $1.19 billion, or 14 cents a share, from a loss of $9.47 billion, or $1.08 a share, in the year-ago period. Excluding non-recurring items, adjusted earnings per share slipped to 6 cents from 15 cents, while the FactSet consensus was for a loss of 4 cents (http://www.marketwatch.com/story/ge-stock-is-on-a-tear-ahead-of-earnings-as-analysts-tout-it-as-a-covid-19-vaccine-play-11603478986). Industrial free cash flow was $514 million, while the FactSet average estimate of two analysts was negative $1.03 billion. Revenue fell 17% to $19.42 billion, but was above the FactSet consensus of $18.73 billion. Among GE's business units, Power revenue rose 3% to $4.03 billion, above the FactSet consensus of $3.89 billion; Renewable Energy revenue grew 2% to $4.53 billion to top expectations of $4.48 billion; Aviation revenue tumbled 39% to $4.92 billion, just shy of expectations of $4.95 billion; and Healthcare revenue fell 7% to $4.57 billion, beating expectations of $4.14 billion. "We are improving our profit and cash performance with organic margin expansion in every segment except Aviation, though orders more broadly remain under pressure," said Chief Executive Larry Culp. Last month, Culp said he expected free cash flow (http://www.marketwatch.com/story/ges-stock-surges-toward-best-2-day-rally-in-5-months-after-ceo-larry-culps-upbeat-comments-2020-09-17) in the second half of the year to be positive. The stock has dropped 36.4% year to date through Tuesday, while the S&P 500 has gained 5.0%.