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GE's Profit Rises 6.7 pct

Posted by October 21, 2016

General Electric Co reported a 6.7 percent rise in quarterly profit, helped by strength in its power and renewable energy businesses.

Net income from continuing operations attributable to shareholders rose to $2.10 billion in the third quarter ended Sept. 30 from $1.97 billion, a year earlier.

Earnings per share from continuing operations rose to 23 cents from 19 cents.

Total revenue rose 4.4 percent to $29.27 billion, the company said on Friday. (http://invent.ge/2epFCqf)

Reporting by Rachit Vats

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