GE: exceeds expectations in Q2.
(CercleFinance.com) - GE (General Electric) has announced Q2 adjusted (non-GAAP) earnings of 2.
4 billion dollars, meaning EPS that is down 45% at 28 cents, whilst the consensus was only expecting 25 cents.
The US conglomerate, which is refocusing on its industrial activities, has seen revenues rise by 12% to 29.6 billion dollars, including revenue from the industrial segment that is up 2% to 28 billion dollars.
Furthermore, this segment saw its operating margin improve by 10 basis points to 13.2%, while its order intake increased by 6% to 28.3 billion dollars, bringing its order backlog at end-June to 326.8 billion dollars.
Copyright (c) 2017 CercleFinance.com. All rights reserved.
4 billion dollars, meaning EPS that is down 45% at 28 cents, whilst the consensus was only expecting 25 cents.
The US conglomerate, which is refocusing on its industrial activities, has seen revenues rise by 12% to 29.6 billion dollars, including revenue from the industrial segment that is up 2% to 28 billion dollars.
Furthermore, this segment saw its operating margin improve by 10 basis points to 13.2%, while its order intake increased by 6% to 28.3 billion dollars, bringing its order backlog at end-June to 326.8 billion dollars.
Copyright (c) 2017 CercleFinance.com. All rights reserved.