GE reports 14% earnings rise

Manufacturing News, Source : TheManufacturer.com
Published : 12 Jul 2002 18:32

GE reported a 14% rise in second-quarter earnings and predicted it would meet its yearly targets.

Earnings rose from $3.9 billion to $4.4 billion, and earnings per share were $.44. Power systems, NBC, medical systems, and appliances reported earnings growth during the quarter. Order volumes in the company’s plastics unit rose 25% in the second quarter. During a teleconference with investors today, the company said it anticipates third-quarter revenues to increase 8% to 10% from last year.

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