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General Electric, profits up 18% in the third quarter

The company said earnings topped $2,34 billion, or $0,22 per share. Results include 8 cents per share buyback fee for shares that were sold to Berkshire Hathaway

General Electric, profits up 18% in the third quarter

Third quarter with growing profits for General Electric: +18%. The company said today, adding that earnings reached $2,34 billion, or $0,22 per share, compared with $1,98 billion, or 18 cents per share, a year ago.

The results include the cost of 8 cents per share for the buyback of the shares that the largest US conglomerate had sold to Warren Buffet's Berkshire Hathaway (BRka.n) during the financial crisis. In the pre-stock market the stock is up slightly.

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