General Electric dips on slipping orders

|About: General Electric Company (GE)|By:, SA News Editor

GE reported earnings growth of $0.52 (+65% Y/Y) and revenue of $33.5B (+15% Y/Y) for Q2, but shares fell 1.8% in premarket action due to a 2% decrease in orders and "a volatile and slow-growth economy."

The company said its power, aviation and health-care segments offset challenges in transportation and in oil and gas, but it expects to see strong organic growth in the second half of the year.

"We will continue to invest in key growth initiatives such as GE Digital, while returning [about] $26B to investors through buyback and dividends," CEO Jeff Immelt declared.

GE Capital's exit plan has enabled it to return $15B in dividends year to date, and the company’s de-designation as a SIFI will give it more balance sheet flexibility.

Q2 results