GE Reports Positive Second Quarter Earnings
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Scott Olson/Getty Images(FAIRFIELD, Conn.) — General Electric had a positive second quarter, according to its latest earnings report.
The Fairfield, Connecticut-based company announced on Friday that its operating earnings rose 8 percent from the second quarter of 2013 to $3.9 billion. GAAP earnings from continuing operations also went up, climbing 13 percent from last year to $3.6 billion.
Revenues, meanwhile, were $36.2 billion for the quarter — a 3 percent increase from 2013, GE said.
“GE had a good performance in the quarter and in the first half of 2014, with double-digit industrial segment profit growth, 30 basis points of margin expansion, and nearly $6 billion returned to shareholders,” GE Chairman and CEO Jeff Immelt said in a statement. “The environment continues to be generally positive.”
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