|Articles|October 16, 2009

GE’s 3Q numbers fall

A strengthening financial division and a growing sales backlog portend a brightening future for GE, but the consolidated numbers coming from GE for 3Q were well below par.

GE’s 3Q numbers fall
A strengthening financial division and a growing sales backlog portend a brightening future for GE, but the consolidated numbers coming from GE for 3Q were well below par. In a financial release Oct. 16, the company reported that revenues fell to $37.8 billion, off 20% compared to the previous year’s third quarter, and earnings fell to $2.5 billion, down 51% from the previous year period. A breakdown of data regarding financial performance related to healthcare products and services were not immediately available.

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