General Electric Co (GE) already made a statement with regard to their profit forecast range for the year 2015. The company gave their forecast last Tuesday. In this forecast, the target of Wall Street is barely included as the United States conglomerate supported for a flat gas and oil sector due to the continuously falling prices of the crude.
According to the General Electric Co, they are expecting that the earnings coming from their aviation, water and power and other industrial units to rapidly increase at least ten percent this year as the company concentrates on pulling its profit share up from these kinds of businesses from 55 percent during the year 2013 to a whopping 75 percent this year 2015. This change is intended to lessen the exposure of GE to the financial businesses.
While its earnings from aviation, water and power and industrial units are expected to go well, their revenue from the sector of gas and oil is expected to stumble in 2015 simply because the lower prices for crude are already sparking fears of deteriorating capital spending by different oil companies. Low prices of crude are due to oversupply and the refusal of OPEC to cut its output ceiling.
