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General Electric Company  (GE)
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GE's Net Income Growth by Quarter and Year

General Electric's Net Income results by quarter and year




GE Net Income (in millions $) FY 2023 FY 2022 FY 2021 FY 2020
IV Quarter December - 2,237.00 -3,842.00 2,640.00
III Quarter September 335.00 -160.00 1,184.00 -1,195.00
II Quarter June 39.00 -771.00 -1,135.00 -2,132.00
I Quarter March 7,478.00 -1,014.00 -2,798.00 6,233.00
FY   7,852.00 292.00 -6,591.00 5,546.00



GE Net Income third quarter 2023 Y/Y Growth Comment
General Electric Company in the third quarter 2023 achieved Net Income of $ 335.00 millions compare to net loss recorded in same quarter a year ago.

According to the results reported in the third quarter 2023, General Electric Company achieved the best Net Income growth in Electric & Wiring Equipment industry. While General Electric Company' s Net Income no change of % ranks overall at the positon no. 1 in the third quarter 2023.




GE Net Income ( Y/Y Growth %) 2023
2022 2021 2020
IV Quarter December - - - 265.65 %
III Quarter September - - - -
II Quarter June - - - -
I Quarter March - - - 71 %
FY   - - - -

Financial Statements
General Electric's third quarter 2023 Net Income $ 335.00 millions GE's Income Statement
General Electric's third quarter 2022 Net Income $ -160.00 millions Quarterly GE's Income Statement
New: More GE's historic Net Income Growth >>


GE Net Income (Quarter on Quarter Growth %)

2023
2022 2021 2020
IV Quarter December - - - -
III Quarter September 758.97 % - - -
II Quarter June -99.48 % - - -
I Quarter March 234.29 % - - 763.3 %
FY (Year on Year)   - - - -




Net Income third quarter 2023 Y/Y Growth Company Ranking
Within: No.
Electric & Wiring Equipment Industry #0
Consumer Discretionary Sector #0
Overall #1

Net Income Y/Y Growth Statistics
High Average Low
43.18 % -40.08 % -549.31 %
(June 30. 2011)   (Sep 30 2018)
Net Income third quarter 2023 Y/Y Growth Company Ranking
Within: No.
Electric & Wiring Equipment Industry #0
Consumer Discretionary Sector #0
Overall #1
Net Income Y/Y Growth Statistics
High Average Low
43.18 % -40.08 % -549.31 %
(June 30. 2011)   (Sep 30 2018)

Net Income by Quarter for the Fiscal Years 2020, 2021, 2022, 2023

General Electric's Q/Q Net Income Growth


Net Income Q/Q Growth Statistics
High Average Low
3963.77 % 106.2 % -99.48 %
(Jun 30 2016)  


GE's III. Quarter Q/Q Net Income Comment
General Electric Company achieved in the III. Quarter 2023 above company average sequential Net Income doubling of 758.97%, to $ 335.00 millions, from $39.00 millions in the second quarter.
GE is impressively improving, not only recording better then regular growth, and additionally improving rate.

Within Electric & Wiring Equipment industry General Electric Company achieved highest sequential Net Income growth. While General Electric's Net Income growth quarter on quarter, overall rank is 32.


Net Income Q/Q Growth Company Ranking
Within: No.
Electric & Wiring Equipment Industry #0
Consumer Discretionary Sector #2
Overall #32
Net Income Q/Q Growth Company Ranking
Within: No.
Electric & Wiring Equipment Industry #0
Consumer Discretionary Sector #2
Overall #32
Net Income Q/Q Growth Statistics
High Average Low
3963.77 % 106.2 % -99.48 %
(Jun 30 2016)  


GE's III. Quarter Q/Q Net Income Comment
General Electric Company achieved in the III. Quarter 2023 above company average sequential Net Income doubling of 758.97%, to $ 335.00 millions, from $39.00 millions in the second quarter.
General Electric is going from strength to strength, with recording better then average growth, but also increasing rate, Valentine Mertens, market consultant said.

Within Electric & Wiring Equipment industry General Electric Company achieved highest sequential Net Income growth. While General Electric's Net Income growth quarter on quarter, overall rank is 32.


General Electric's 12 Months Net Income Growth Year on Year


Net Income TTM Growth

12 Months Ending
(Sep 30 2023)
12 Months Ending
(Jun 30 2023)
12 Months Ending
(Mar 31 2023)
12 Months Ending
(Dec 31 2022)
12 Months Ending
(Sep 30 2022)
Cumulative Net Income 12 Months Ending $ 10,089.00 $ 9,594.00 $ 8,784.00 $ 292.00 $ -5,787.00
Y / Y Net Income Growth (TTM) - - - - -
Year on Year Net Income Growth Overall Ranking # # # # #
Seqeuential Net Income Change (TTM) 5.16 % 9.22 % 2908.22 % - -
Seq. Net Income Growth (TTM) Overall Ranking # 13 # 9 # 15 # 0 # 0




Cumulative Net Income growth Comment
In the Sep 30 2023 period, General Electric had cumulative twelve months Net Income of $ 10,089 millions compare to net loss of $ -5,787 millions a year ago.
Even more so, not just that GE has restored the bottom-line, it is already gaining momentum and recording above usual Net Income gain, from the twelve months ending in the quarter before of 5.16 % from $9594 millions.

General Electric Company achieved highest trailing twelve month year on year Net Income growth. While overall Net Income growth ranking, remained unchanged compare to the previous quarter at no. .

Net Income TTM Q/Q Growth Statistics
High Average Low
43.18 %
-40.08 %
-549.31 %
 

Net Income TTM Y/Y Growth Company Ranking
Within: No.
Electric & Wiring Equipment Industry #
Consumer Discretionary Sector #
Overall #

Net Income TTM Y/Y Growth Statistics
High Average Low
0 %
0 %
0 %
 


Net Income TTM Q/Q Growth Company Ranking
Within: No.
Industry # 0
Sector # 0
S&P 500 # 13
Cumulative Net Income growth Comment
In the Sep 30 2023 period, General Electric had cumulative twelve months Net Income of $ 10,089 millions compare to net loss of $ -5,787 millions a year ago.
Not only that Electric & Wiring Equipment company has regained the prosperity, it is already gaining momentum with higher than usual Net Income gain, from the twelve months ending in the quarter Jun 30 2023 of 5.16 % from $9594 millions.

General Electric Company achieved highest trailing twelve month year on year Net Income growth. While overall Net Income growth ranking, remained unchanged compare to the previous quarter at no. .

Net Income TTM Q/Q Growth Statistics
High Average Low
43.18 %
-40.08 %
-549.31 %
 


Net Income TTM Y/Y Growth Company Ranking
Within: No.
Electric & Wiring Equipment Industry #
Consumer Discretionary Sector #
Overall #

Net Income TTM Y/Y Growth Statistics
High Average Low
0 %
0 %
0 %
 


Net Income TTM Q/Q Growth Company Ranking
Within: No.
Industry # 0
Sector # 0
S&P 500 # 13




Other Net Income Growth
Electric & Wiring Equipment Industry Net Income Growth Trends and Statistics
Consumer Discretionary Sector Net Income Growth Statistics
Net Income Growth Trends for overall market
GE's Net Income Growth Ratio versus Electric & Wiring Equipment Industry, Consumer Discretionary Sector and total Market
Highest Ranking Net Income Growth
Lowest Ranking Net Income Growth
Net Income Growth for GE's Competitors
Net Income Growth for General Electric's Suppliers
Net Income Growth for GE's Customers

You may also want to know
GE's Annual Growth Rates GE's Profitability Ratios GE's Asset Turnover Ratio GE's Dividend Growth
GE's Roe GE's Valuation Ratios GE's Financial Strength Ratios GE's Dividend Payout Ratio
GE's Roa GE's Inventory Turnover Ratio GE's Growth Rates GE's Dividend Comparisons



Companies with similar Net Income doubling for the quarter ending Sep 30 2023 within Consumer Discretionary SectorY/Y Change %Net Income for the quarter ending Sep 30 2023
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Mattel Inc-49.52%$ -49.525 millions
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