Excluding non-recurring items, adjusted earnings per share came to 28 cents, beating the FactSet consensus of 25 cents. The stock is moving on low volume, traded at a volume of 25.08 million shares, as compared to its average daily volume of 41.59 million shares. GE also saw its net profit slump 58 percent year over year.
The oil and gas division of the company, however, posted revenue of $3.1 billion, a 3 percent decline from the same time a year ago.
GE has been under intense pressure to cut expenses and pledged in March to cut $1 billion in annual industrial expenses for each of the next two years, which is twice the level of cuts originally laid out.
Revenue: $29.558 billion vs. $29.015 billion; down from $33.49 billion previous year. We've reduced our Industrial structural costs year to date by $670 million and we are on track to meet or exceed our $1 billion cost reduction target for the year.
Revenues in the oil & gas segment fell 3% year over year in the quarter from $3.22 billion to $3.11 billion. Despite the beats, EPS declined from 51 cents in the prior-year quarter while revenue declined 12% from $33.49 billion for the same period.
Blow to Froome as Thomas crashes out of Tour
Thomas had crashed on another descent, made treacherous by rain, earlier in the day, suffering a suspected broken collarbone. Nicolas Roche, Porte's BMC team-mate and Martin's cousin, sad the Australian would get over this heartbreak.
Security beefed up in Valley
Its top leader based in Pakistani-controlled Kashmir, Syed Salahuddin, was recently designated as a "global terrorist" by the U.S. Separatist leaders, who challenge India's sovereignty over Kashmir, called for a strike and protests to honor Wani.
In June, GE announced that Immeltwould step down as CEO on August 1, to be replaced by longtime executive John Flannery.
We expect cash flow to continue to improve throughout the year.
The company's diverse units, including its power, renewable energy and health care operations, all registered revenue gains during the quarter. Industrial cash flow was $1.5 billion, much better than in the prior quarter.
Immelt said the company would be able to navigate through a market where crude oil prices are suppressing spending in some exploration and production sectors because of the global scale of GE's portfolio. The current EPS for the company has been recorded at $1.92 and the beta value recorded by the company stands at 1.32 points. It closed at $26.69 on Thursday. Six-month revenue of $4.5 billion from renewable energy was up 20 percent from a year ago.
The seasoned politician also commented that the state anthem also was under the same predicament without any official status. Whatever the legal position, however, a State flag would undermine the spirit of national unity and must be eschewed.
Media coverage about Dominion Diamond Corporation (NYSE:DDC) (TSE:DDC) has trended positive on Tuesday, Accern Sentiment reports. The basic materials company reported $0.09 earnings per share for the quarter, topping the consensus estimate of $0.05 by $0.04.
Amnesty International has openly criticised the crackdown and is calling for the release of Eser and the other activists. More than once, Germany has thrown a lifeline to Turkey's European Union bid when it appeared founder.
In a post-game interview with ESPN , Ball defended his choice of shoes, saying the BBB can be whatever you want. Check out Lonzo's highlights from last night's game below. "[I] put them on, and it worked out tonight".
The centre said Mr Capotorto was a licenced sky-diver with the appropriate training to jump alone and had paid for the flight. Mr Capotorto, an Italian national who lived in DeLand, was an avid sky-driver who had made more than 600 previous jumps.
The Jaguar E-Pace will be offered with three diesel Ingenium engines , ranging from 150PS and 380NM of torque to 240PS and 500Nm. Not since the X-Type has a Jaguar been offered in front-wheel drive, but you can have exactly that (as rumoured) for the E-Pace.
Of the 33 seats in that chamber being contested, 25 belong to Democrats or independents who caucus with them. Historically, the party in the White House tends to lose congressional seats in midterm elections.
In Butte County, some residents returned to their neighborhoods only to find their homes destroyed by the 5,800-acre Wall Fire. As chief, he said his signature is required to enforce the evacuation order on the reserve, which he chose not to authorize.
Spice maker McCormick buys Reckitt Benckiser's food brands
McCormick plans to fund the deal with a combination of equity and debt, and said it has obtained committed bridge financing. Morgan Stanley acted as lead financial adviser to Reckitt and the company also received advice from Robey Warshaw.
Presidential Election Voting begins
Her nomination, which followed Kovind's, was seen by many as the opposition's attempt to counter Modi's move to woo dalits. In terms of the value of the votes, the Sikkim Assembly has the lowest of seven and Uttar Pradesh the highest of 208.
Switzerland 'deeply saddened' by Liu's death
As Liu Xiaobo remained behind bars until recently, Liu Xia, 56, had paid a heavy price for simply being his wife. Nobel Peace Prize Laureate , Liu Xiaobo has died in Chinese custody at the age of 61.
Party divisions extend to impression of higher education
The error attributable to sampling that would be expected at the 95 percent level of confidence is at +/- 2.3 percentage points. This may be why Republicans are increasingly keen to disapprove of colleges, as they see them as bastions of liberal thinking .
$100M for cities devastated by BC wildfires
About 1,000 firefighters are battling the blaze, which officials said has led to the evacuation of some 7,500 people. State of Emergency declared in British Columbia as fires blaze throughout the Canadian province.
South African Bavuma checks England's progress
Bairstow and Woods did manage to rebuild England's innings but Woods soon lost his patience as Rabada knocked off his off stump. Moeen contributed 87 and Broad 57 not out, an innings not quite so polished but just as entertaining to all but the purist.