General Electric Company (NYSE:GE) Net Goes Beyond Wall Street Estimates; Rises 7.5% - HON, PNR, DDD

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General Electric Company (NYSE:GE) announced a better-than-projected 7.5% increase in Q4 profit and a sharp rise in its backlog of equipment orders, igniting a 3.5% stock gain in premarket activity.

GE, the world's largest manufacturer of jet engines and electric turbines, announced that Q4 earnings increased to $4.01 billion, or 38 cents a share, as compared to $3.73 billion, or 35 cents a share, a year ago.

Is GE a Solid Investment at These Levels? Read This Report For Details

Excluding one-time items, profit remained 44 cents a share, a penny greater than analysts' forecasts, in relation to Thomson Reuters I/B/E/S.

Revenue increased 3.6% to $39.33 billion as compared to $37.97 billion a year formerly. Analysts projected sales of $38.76 billion.

Profit rose across all units, with the jet engine division notching 22% progress and GE Oil and Gas, which manufactures equipment used in energy production, increased 14%.

So far today, General Electric Company (NYSE:GE) shares gained +2.39% to $21.81 while the stock is changing hands within a range of $21.59 – $21.99. In the past year, the stock has traded between $18.02 and $23.18. Its average daily trading volume is 43.30 million shares.

Will GE Continue To Move Higher? Find Out Here

Looking at other stocks in the same industry, Honeywell International Inc., Pentair, Ltd. and 3D Systems Corporation are in the gainers list. Let’s have a quick look on their Market performance.

Honeywell International Inc. (NYSE:HON) shares are up +0.39% to $67.57 while the stock is trading within the range of $67.33 – $67.68 in the current trading session. In the last 12 months, shares have floated between $52.21 and $67.68. This stock, on average, has trading volume of 3.44 million shares.

Why Should Investors Buy HON After The Recent Gain? Just Go Here and Find Out

In this session so far, Pentair, Ltd. (NYSE:PNR) shares moved up +0.21% reaching $51.96. The stock is trading in a range of $51.92 – $52.17. In the last year the stock has moved within a range of $40.30– $52.17. The Company’s average daily trading volume is 1.35 million shares.

For How Long PNR’s Gloss will Attract Investors? Find out via this report

Another rival company, 3D Systems Corporation (NYSE:DDD), is trending +2.06% higher to $64.45. The stock price is hovering in range of $62.90 to $64.32. In the previous 52 weeks, shares price ranged between $17.06 and $64.32. Their average daily trading volume is 1.90 million shares.

What was the Moving Force behind DDD On Bullish Run? Read This Research Report

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