5 Key Points From GE Earnings


Industrial/financial conglomerate GE is out with earnings this morning.The stock is up 2% pre-market.

Here are 5 key points from the announcement.

  • EPS of $.34 were up 17% from a year ago, and one penny ahead of expectations.
  • Infrastructure is booming, with sales up 24%.
  • The company claims GE Capital is turning the corner. Segment profits for the financial unit were $1.6 billion compared to $743 million in the year-ago period.
  • The company says it’s outlook for the second half is strong.
  • Healthcare profits grew 8%.

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