Home News General Electric increases in the second Quarter profit on declining sales

General Electric increases in the second Quarter profit on declining sales

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Copy of Fairfield Summer_General Electric FAIRFIELD (Dow Jones) – The U.S. conglomerate General Electric ( GE ) has increased its profit in the second quarter at a slightly lower sales. Buoyed by an improving economic environment again , net income climbed to 3.1 billion USD to 2.7 billion USD in the same period , the company reported from Fairfield on Friday. (Photo : GE)

GE ‘s earnings per share 0.28 ( 0.25) USD. Analysts had expected earnings per share of $ 0.27 . Revenues decreased contrast in the three months rose 4% to 37.44 billion USD. Here, the 38.43 billion USD industry observers had expected.
GE CEO Jeff Immelt said he was optimistic the business. For 2011 and beyond , the Group expects higher profits and dividends. The economic environment for GE has continued to improve and the group earn higher orders , margins and profits, "said the manager.
The conglomerate produces a wide range of industrial and consumer products. Beginning with GE turbines and engines builds washing machines and locomotives. With GE Capital of the U.S. group is also active in the financial business .

Website: www.ge.com
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