General Electric Co. (GE) Profit Up 10 Percent
General Electric Co., the industrial, finance and media conglomerate, reported Friday its second-quarter profit rose 9.6 percent and said it was getting out of the U.S. mortgage business.
Its shares rose more than 2 percent, briefly reaching a new 52-week high.
The parent of the NBC TV network earned $5.42 billion, or 53 cents a share, in the three months ended June 30, up from $4.95 billion, or 48 cents a share, a year ago. The rise was led by its oil and gas, aviation, energy and commercial finance businesses.
Analysts surveyed by Thomson Financial has been expecting earnings per share of 52 cents. The estimates typically exclude one-time items.
Its shares rose more than 2 percent, briefly reaching a new 52-week high.
The parent of the NBC TV network earned $5.42 billion, or 53 cents a share, in the three months ended June 30, up from $4.95 billion, or 48 cents a share, a year ago. The rise was led by its oil and gas, aviation, energy and commercial finance businesses.
Analysts surveyed by Thomson Financial has been expecting earnings per share of 52 cents. The estimates typically exclude one-time items.
Labels: GE, General Electric Co.
posted by Stock Administrator @ 1:59 PM
1 Comments:
At 6:03 PM ,
Darth Sidious said...
Good to see the sith sigma way at GE continues to deliver results.
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