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General Electric quarterly profit drops 28 pct

The US industrial conglomerate General Electric Co reported on Friday a drop of  28 percent in quarterly profit, as weakness in its power business offset penetrates in aviation.


The US industrial conglomerate General Electric Co reported on Friday a drop of 28 percent in quarterly profit, as weakness in its power business offset penetrates in aviation and healthcare businesses.

Earnings from continuing operations attributable to GE shareholders fell to $736 million in the second quarter ended June 30, from $1.03 billion a year earlier. [https://invent.ge/2La89Cy ]

Earnings per share from continuing operations fell to 8 cents from 12 cents, the company said. On an adjusted basis, GE earned 19 cents per share.

Total revenue rose to $30.1 billion from $29.1 billion.

(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)

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