Share

General Electric: second quarter profit +1% year on year to 3,1 billion

General Electric's profits are growing, up 1% on an annual basis to 3,1 billion dollars – Revenues are down, -4%, to 35,12 billion – Good prospects for the second half.

General Electric: second quarter profit +1% year on year to 3,1 billion

The second quarter ends General Electric, which is filing with net income up 1% year over year, to $3,1 billion or 30 cents a share. Revenues amounted to 35,12 billion, a decrease of 4% compared to the same period of 2012.

The US giant's operating earnings, on the other hand, reached 3,3 billion or 31 cents a share while adjusted earnings amounted to 36 cents a share against the 35 expected by the consensus. Positive expectations for the rest of the year: CEO Jeffrey Immelt, as stated in the press release issued by General Electric, expects the growth of margins and profits to grow in the second half.

comments