More on GE Q3: Operating earnings slip 3%.


Excluding restructuring and other charges, GE (GE) operating EPS $0.40.

Operating earnings -3% to $3.7B.

Net profit -9% to $3.2B as sales slip 1% to $35.7B, hurt by falling revenues at GE Capital due to planned asset reductions and and a negative forex impact of $132M.

Total orders +19% to $25.7B; U.S. orders +18%, Europe +17%, growth market +22%.

Industrial segment profit +11%, with strong growth in six of seven businesses

GEs backlog of equipment and services at the end of Q3 was a record $229B, up $6B from Q2.

GE Capital earnings +13%, with ending net investment (ENI) at $385B; Tier 1 common ratio under Basel 1 at 11.3%, +116 bps

Notes "improving global business environment."

$13.9B returned to shareholders YTD.

Overall framework for 2013 remains unchanged.

Shares +0.9%. (PR) (Previous)

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Comments (2)
  • JD in NJ
    , contributor
    Comments (1634) | Send Message
     
    Wow, shares up over 3% pre-market... And on significant volume (1.75 million so far)
    18 Oct 2013, 09:01 AM Reply Like
  • FinancialDave
    , contributor
    Comments (2117) | Send Message
     
    I guess this headline sounded much better than the real news of GE Earnings Up 18% year over year!

     

    fd
    18 Oct 2013, 12:26 PM Reply Like
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