General Electric (GE) Earnings Climb 16%

Fairfield, Connecticut based General Electric Company GE announced on Friday morning that it beat consensus Wall Street earnings estimates. General Electric Company (GE) reported that its 2nd quarter earnings rose 16.1% to $3.03 billion, or 28 cents per share, up from $2.61 billion, a year earlier. The company earned 30 cents per share from continuing operations, while revenue was down 4% to $37.44 billion. According to a survey of analysts by Thomson Reuters, the average Wall Street estimate called for earnings of 27 cents per share. General Electric Company is a multinational conglomerate with businesses in infrastructure, finance and media aligned to meet today’s needs, including the demand for global infrastructure; growing and changing demographics that need access to healthcare, finance, and information and entertainment; and environmental technologies. Read more from Benzinga's Company news.