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GE General Electric beats by $0.03, misses on revs (15.25 )
Reports Q2 (Jun) earnings of $0.30 per share, excluding $0.02 in discontinued operations, $0.03 better than the Thomson Reuters consensus of $0.27; revenues fell 4.3% year/year to $37.44 bln vs the $38.37 bln consensus. impacted by lower GE Capital assets, industrial dispositions and lower equipment sales as expected. "Equipment orders increased 17%, including 20% growth in the Energy Infrastructure segment and 14% at Technology Infrastructure. Oil & Gas and Healthcare orders were particular bright spots and helped hold total co orders backlog roughly flat, excluding the impact of foreign exchange... Our Energy and Technology Infrastructure businesses performed as expected, Home & Business Solutions and NBCU turned in good revenue and earnings growth, and GE Capital delivered 93% net income growth as losses have peaked and earnings are rebounding... Segment profit increased 8% compared with 2Q09, as 93% growth at GE Capital, 13% growth at NBC Universal and 59% growth at Home & Business Solutions, more than offset an 11% earnings decline at Technology Infrastructure."
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