General Electric Co. (GE) on Friday reported third-quarter profit of $1.84 billion.
U.S. stocks were up slightly in early trading Friday as investors cheered a crop of strong company earnings.
The latest on developments in financial markets (All times local): 9:35 a.m.
GE is the third-largest owned stock among institutional investors.
U.S. stocks inched higher on Friday as bank stocks rose and tech stocks recovered, with investor optimism back as Trump administration cleared a hurdle to lower taxes.
General Electric Co Chief Executive John Flannery said Friday investors can expect 'sweeping change' from his review of the businesses, and that the industrial conglomerate will focus on profit, cash generation and accountability of employees.
Consumer goods giant Procter & Gamble Co , which recently declared victory against hedge-fund manager Nelson Peltz's attempt to muscle his way onto the board, reported tepid sales that missed Wall Street estimates.
Schlumberger NV (SLB) on Friday reported third-quarter profit of $545 million.
RegentAtlantic CIO Chris Cordaro breaks down General Electric's third-quarter results.
Honeywell International reported an 8.7 percent rise in third-quarter profit, driven by its aerospace business.
General Electric Co's third-quarter profit missed Wall Street estimates by a wide margin on Friday and the industrial conglomerate slashed its earnings forecast, sending the year's worst-performing Dow stock down another 6%.
German automaker Daimler says net profit fell 16 percent in the third quarter as a voluntary recall to improve diesel emissions hurt earnings at its Mercedes-Benz luxury car brand.
Technology companies led a slide in U.S. stocks early Thursday as the market pulled back from its latest record highs.
FBN's Charles Payne discusses the market's reaction on the 30th anniversary of Black Monday.
Sharp growth in mobile payments led PayPal to report a better-than-expected third-quarter profit.
Verizon Communications Inc. (VZ) on Thursday reported third-quarter profit of $3.62 billion.
Verizon Communications Inc's (NYSE:VZ) quarterly profit met Wall Street analyst estimates as the No. 1 U.S. wireless carrier added subscribers.
Philip Morris International Inc. (PM) on Thursday reported third-quarter net income of $1.97 billion.
EBay warned Wall Street on Wednesday that profit this quarter could fall below analysts' estimates as it invests in marketing and a revamped website to attract more shoppers, sending shares down more than 5 percent in after-hours trade
Banks and technology companies led U.S. stocks modestly higher Wednesday, delivering another set of market milestones.