GE Q3 sales down

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By TESTCustomwebLP TESTCustomwebLP October 18, 2010 10:21

GE Q3 sales down

General Electric’s has reported that third quarter sales of industrial equipment, including jet engines were sluggish. Revenue of $35.9 billion was $1.7 billion short of estimate which pulled the share price down by 5%.

Following the losses reported by GE Capital after the financial crisis hit, GE has been seeking to de-emphasise its reliance on the finance unit, although the latest results show this is proving to be difficult.

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By TESTCustomwebLP TESTCustomwebLP October 18, 2010 10:21
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