LONDON (MarketWatch)
General Electric on Friday
reported a second-quarter profit of $3.1 billion, or 29 cents a share, down from
$3.8 billion, or 35 cents a share, a year earlier
Earnings from continuing
operations came in at 34 cents a share
Operating profit reached 38 cents
Revenue rose 2% to $36.5 billion
Analysts polled by FactSet Research were
looking for a profit of 37 cents a share in the second quarter, on revenue of
$36.77 billion
The industrial conglomerate affirmed its target of delivering
double-digit-earnings growth in 2012
"Today's results demonstrate that we are
executing on our growth strategy in the midst of a still volatile global
economy," Chairman and CEO Jeff Immelt said in a statement
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Billie, with academic training in Fundamental Mathematics and professional experience in Large Multinationals in the Information Technology sector, having held positions in high-level management positions, maintains that it is time to reduce Unproductive Public Expenditure and help the Private Sector in everything that is possible.
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