Apr. 21 at 5:29 PM
Despite plenty of strong results this morning, companies are clearly opting to remain conservative in their forecasts amid all the macroeconomic and geopolitical uncertainty.
GE Aerospace CEO Larry Culp told CNBC’s Phil Lebeau this morning, “If not for current events, we would have raised guidance, but given the environment it’s prudent to maintain guidance.” That came after the company beat first quarter estimates by a strong 26 cents.
Culp’s company was hardly alone in its cautious approach. Look at some of the other big companies that reported this morning:
3M affirmed full year adjusted EPS guidance – but even after a 16-cent beat
Northrop Grumman also reiterated full year adjusted EPS guidance despite beating by 8 cents
$GE $MMM $NOC