Wall Street Breakfast: GE Profit Triples, Apple Earnings Up Next

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Confirming its full year guidance, General Electric (NYSE:GE) shares are up 7.3% premarket after reporting a more than three-fold rise in quarterly profit to $954M, helped by higher sales in its aviation, oil and gas, and healthcare units. It's big news for the prior conglomerate, which is working to turn around and simplify its businesses. Apple (NASDAQ:AAPL) will report earnings after the market close and investors are hoping the tech giant managed to reverse its iPhone slowdown. Services revenue - which could represent about 20% of Apple's sales - is also a big figure to watch, as well as the growth rate of devices like the Apple Watch and HomePod.

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https://seekingalpha.com/article/4257922-wall-street-breakfast-ge-profit-triples-apple-earnings-next?source=feed_all_articles

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