Citigroup Says General Electric (GE) Could Lower Guidance At Tomorrow’s Event
December 1, 2008 by Douglas A. McIntyreCitigroup commented on General Electric Co. (NYSE: GE) ahead of tomorrow’s GE Capital webcast. The firm said the webcast could be a forum to lower its 2009 outlook.
The analysts noted that in prior years, when street estimates were too high, GE held late November/Early December meetings and used them as a forum to lower expectations so the CEO could focus more on strategy, etc as the late-December meeting. The firm said the likelihood of this being the case this year appears reasonably high given the short notice on the webcast (announced on 11/25) and the unprecedented macro and financial upheaval.
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