Agence France-PresseOctober 18, 2013 10:16
General Electric on Friday reported a 9 percent drop in third-quarter earnings as revenues slipped, driven by a downsizing of its financing arm, GE Capital, and a negative currency impact.
Net earnings at the US industrial giant totaled $3.2 billion for the July-September period, compared to the year-ago figure of $3.5 billion.
Net earnings per share fell by two cents to 31 cents.
Operating earnings came in at 36 cents per share, beating analyst expectations of 35 cents.
Revenue fell 1.5 percent from a year ago, to $35.7 billion, below Wall Street estimates.