UPDATE: GE Q3 Profit Up 8.3%
General Electric Co (NYSE: GE) reported an 8.3% rise in its third-quarter earnings.
GE's quarterly profit climbed to $3.49 billion, or $0.33 per share, from $3.22 billion, or $0.22 per share, in the year-ago period. Its operating earnings came in at $0.36 per share.
Its revenue climbed 2.8% to $36.35 billion. However, analysts were expecting earnings of $0.36 per share on revenue of $36.94 billion.
Revenue from GE Capital declined 5.4% to $11.37 billion, while profit climbed 11% to $1.68 billion.
GE shares closed at $22.81 yesterday.
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