World markets  |  July 20, 2012 15:39:19

GE reported better profits and revenues


GE reported a profit of 38 cents per share on revenues of $ 36.5 billion. Expected to gain 37 cents and revenues $ 35.8 billion.

  • - Revenues improved in the energy division, GE Capital (Bank) and transportation, in worse health care and aviation (= sales in key divisions rather than analysts' expectations)
  • - Lower-than-expected provisions for loan losses at GE Capital
  • - Conference call at 14:30
  • - I think the results are generally in-line, which corresponds to the reaction of the market (so far it bounces from a slight minus to plus and back)

  • Marek Hatlapatka
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