General Electric Co (GE.N) posted quarterly results that topped expectations on Friday, as earnings from aviation, healthcare and transportation offset weak power and oil-and-gas profits, sending shares sharply higher in premarket trading.
…company’s aviation, transportation and healthcare businesses produced double-digit profit growth in the quarter, boosting overall results.
Profit at GE’s power business fell 38 percent on a 9 percent decline in sales; orders dropped 29 percent.
Follow Warrens advice, never buy turnarounds, uncertainty way to high.
Related Posts:We truly are under attack. We need user support now more than ever! For as little as $10, you can support the IWB directly – and it only takes a minute. Thank you. 612 views