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More on GE's Q3 earnings: Missed by $0.01? Where's Jack Welch when you need him? GE Capital...

More on GE's Q3 earnings: Missed by $0.01? Where's Jack Welch when you need him? GE Capital profits +11% Y/Y on revenues -5% Y/Y - commercial lending & leasing a particular weak spot with revenues off 9%. Infrastructure orders of $21.5B off 5% Y/Y driven by a decrease in orders for wind turbines. Immelt: "The overall environment remains challenging." Shares -1.8% premarket. (PR)
Comments (4)
  • What did Analysts expect from GE when the EU is falling apart?
    19 Oct 2012, 08:59 AM Reply Like
  • Jack Welch is right where he should be...making snarky comments from the sidelines while GE continues to get it's act together.
    19 Oct 2012, 09:52 AM Reply Like
  • Wait until the gov't drops its huge subsidies for wind and solar. Immelt's strategy of living off the Obama teat will come home to roost.
    19 Oct 2012, 11:35 AM Reply Like
  • Would love to see Welch come back to run plenty of lousy companies out there taking handouts and paying for favored status. /snark
    19 Oct 2012, 12:01 PM Reply Like
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