GE Q2 earnings remain flat

Source: Exec Digital USA

Date :7/11/2008 6:10:26 AM

General Electric Co has said earnings per share in the second quarter remained flat at US$0.54 year-over-year.

However, GE Money posted a decline of nine percent as the company reached an agreement to sell its division in Japan to release assets.

Chairman and CEO Jeff Immelt said GE had delivered a strong performance in its financial services businesses

Financial services sector posted earnings of US$2.8 billion, an increase of 15 percent.

Total company orders were up eight percent to US$26.9 billion as the number of services orders increased 19 percent.

GE said it sees opportunities for growth in emerging markets, infrastructure, commodities and global healthcare.