BENSALEM, Pa.--(BUSINESS WIRE)--Law Offices of Howard G. Smith announces an investigation on behalf of General Electric Company (“General Electric” or the “Company”) (NYSE: GE) investors concerning the Company and its officers’ possible violations of federal securities laws.
The investigation concerns whether defendants allegedly failed to disclose the underperformance of several of the Company’s operating segments. On October 20, 2017, the Company announced earnings per share (“EPS”) of $0.29, falling well below estimates of $0.49 per share. The Company also lowered 2017 earnings expectations, lowering EPS to $1.05-$1.10 from $1.60-$1.70.
On this news, General Electric fell 6.5%, or $1.56 per share, to close at $22.32 on October 23, 2017.
If you purchased General Electric securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847, toll-free at (888) 638-4847, or by email to email@example.com, or visit our website at www.howardsmithlaw.com.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.