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)