FAIRFIELD, Conn.--(BUSINESS WIRE)--May 6, 2005--GE today is amending its 2004 Form 10K to restate its financial statements for the years 2002 through 2004, and certain financial information for the year 2001 and each quarter in 2003 and 2004. The cumulative effect of these changes is a non-cash earnings increase of $381 million from 2001 through the first quarter of 2005, less than six-tenths of one percent of GE's earnings over this period.
Controllership processes worked to identify SFAS 133 issue and correct.
Controllership processes worked to identify SFAS 133 issue and correct. $381 million positive cumulative impact for 2001 - 1Q05. TY 2005 EPS guidance is reaffirmed at $1.78 - $1.83, up 11-14%.
Investor Contact Information
business unit
tags
FAIRFIELD, Conn.--(BUSINESS WIRE)--May 5, 2005--GE will Webcast a conference call on Friday, May 6, at 8:00 a.m. ET. On the call, GE executives will provide an operational, strategic and financial update. In addition, GE is reaffirming its previous 2005 earnings per share guidance of $1.78-$1.83.
The call can be accessed at www.ge.com/investor on 800-322-2803, passcode 42801571 (international 617-614-4925. Material related to the call will be available on the Web site Friday morning shortly before the call begins.
business unit
tags
FAIRFIELD, Conn.--(BUSINESS WIRE)--April 15, 2005--General Electric (NYSE: GE)
First Quarter Highlights
-- Earnings grow 25% to more than $4.0 billion
-- $.38 EPS, up 19%, exceeds high end of original guidance
-- Nine of 11 businesses deliver at least double-digit earnings growth
-- Revenues increase 19% to $39.8 billion, with 10% organic revenue growth
-- Cash flow from operating activities (CFOA) up 10%, industrial CFOA up 19%
-- Full-year EPS guidance now $1.78-$1.83, high end of target range
business unit
tags
FAIRFIELD, Conn.--(BUSINESS WIRE)--April 8, 2005--GE will Webcast its conference call on first quarter 2005 financial results on Friday, April 15 at 8:30 a.m. ET.
The conference call will follow the Company's news release on results, which will be available prior to the call. Information about the call is available at www.ge.com/investor. The conference call and related materials will be available at that Web site Friday morning.
business unit
tags
FAIRFIELD, Conn.--(BUSINESS WIRE)--March 24, 2005--GE today announced the pricing of the Genworth secondary public offering.
A total of 80,500,000 shares of Genworth Class A common stock are being sold in the secondary offering at a price to the public of $26.50 per share. The underwriters do not have an over-allotment option.
Concurrently with the closing of the offering, Genworth will repurchase directly from GE approximately 19.4 million shares of Genworth's Class B Common Stock for $500 million.
business unit
tags
FAIRFIELD, Conn.--(BUSINESS WIRE)--March 7, 2005--GE today announced plans to sell up to 82 million shares of the Class A Common Stock of Genworth Financial, Inc. (Genworth, NYSE: GNW) through a secondary public offering and a sale to Citigroup Global Markets Inc., an affiliate of which intends to conduct a public offering of a security exchangeable for Genworth Class A shares.