General Electric Q2 EPS increased 65%Staff Writer | July 22, 2016
General Electric Company reported second-quarter Industrial operating plus Verticals EPS (Non-GAAP) of $0.51, an increase of 65% from $0.31 last year.
General Electric Earnings increased 48% to $4.67 billion
Second-quarter earnings from continuing operations attributable to common shareowners increased to $3.28 billion from $1.68 billion. Earnings per share from continuing operations was $0.36 compared to $0.17, prior year.
Total revenues and other income increased 15% year-over-year to $33.49 billion from $29.23 billion. Analysts expected revenue of $31.76 billion, for the quarter.
For fiscal 2016, General Electric reaffirmed Operating (Industrial plus Verticals) EPS guidance of $1.45-1.55. The company expects organic growth in a range of 2-4%. Analysts polled by Thomson Reuters expect the company to report profit per share of $1.50. ■