Friday 17 October 2014

GE profit tops views as cost cuts drive margins; shares up

The General Electric logo is seen in a Sears store in Schaumburg By Lewis Krauskopf (Reuters) - General Electric Co reported a slightly higher-than-expected quarterly profit on Friday, with cost cuts that helped boost margins across its industrial businesses offsetting revenue that missed analysts' targets. Shares of GE rose 3.1 percent to $25.01 as the U.S. conglomerate posted a 22 percent jump in orders for jet engines, locomotives and other industrial equipment and services. ...




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