Jul 16

General Electric reported Friday a 16.1% increase in net income for the second quarter 2010, ending a run of nine consecutive quarters of declining results, the industry group that benefited from strong demand for equipment in the areas of health and energy.

The leaders of the U.S. giant, however, cautioned against some signs of weakness identified both the U.S. and Europe.

General Electric has identified the three months to June profit attributable to equity holders of ordinary shares to 3.03 billion against $ 2.61 billion a year ago.

Earnings per share from continuing operations came in at 30 cents more than the 27 cents expected by analysts surveyed by Thomson Reuters I / B / E / S.

The turnover has meanwhile declined 4.3% to 37.44 billion dollars.

World leader in the manufacture of jet engines and turbines to produce electricity, GE has benefited this quarter from an increase in demand for its hospital facilities.

"The good news is that these results are consistent with other results that we saw this week.The groups have reported better than expected results, we should welcome such information that occur when everyone is anxious to see the momentum slowing the recovery, "said Mike Lenhoff, of Brewin Dolphin.

Before the opening, the action took 2% to 15.59 dollars.

GE says continue to reduce the size of its financial arm GE Capital. The group announced Thursday the sale of its Central American subsidiary BAC-Credomatic Colombian Grupo Aval to $ 1.9 billion.

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