General Electric's revenue drops 12% (GE) [The Business Insider]
GE Aerospace (GE)
Last ge aerospace earnings: 4/30 04:02 pm
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Source: The Business Insider
General Electric's revenue drops 12% (Reuters) - General Electric Co reported a 12 percent drop in quarterly revenue as weakness in its energy connections business offset strength in renewables and power units. Earnings from continuing operations attributable to GE shareholders fell to $1.34 billion in the second quarter ended June. 30 from $3.30 billion a year earlier. Earnings per share from continuing operations fell to 15 cents from 36 cents, the company said . GE's energy connections business provides electrification and automation products to the oil and gas, mining, utility and marine industries. Total revenue fell to $29.56 billion from $33.49 billion. (Reporting by Rachit Vats in Bengaluru; Editing by Saumyadeb Chakrabarty) Get the latest General Electric stock price here. Read the original article on Reuters . Copyright 2017. Follow Reuters on Twitter .
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