RSS   Newsletter   Contact   Advertise with us

General Electric Q2 earnings decreased 59%

Staff Writer | July 21, 2017
General Electric Company (GE) reported second-quarter industrial operating plus verticals EPS (Non-GAAP) of $0.28, a decrease of 45% over prior year.
General Electric
General Electric   $1.34 billion
Industrial operating plus verticals earnings declined 48% to $2.42 billion.

Second-quarter earnings from continuing operations attributable to shareowners decreased 59% to $1.34 billion.

Earnings per share from continuing operations was $0.15 compared to $0.36.

Second-quarter total revenues and other income decreased 12% year-over-year to $29.56 billion from $33.49 billion.

Industrial segment revenues were $28.0 billion, up 2% organically.