Categories AlphaGraphs, Earnings, Technology
Earnings: Everything you need to know about General Electric’s Q2 2023 results
Engineering conglomerate The General Electric Company (NYSE: GE) on Tuesday reported higher profit and revenues for the second quarter of 2023.
The Boston-based company posted adjusted earnings of $0.68 per share for the June quarter, compared to $0.36 per share a year earlier. On an unadjusted basis, net profit from continuing operations was $996 million or $0.91 per share, compared to a loss of $1.20 billion or $1.09 per share in the second quarter of 2022. Total revenues came in at $16.7 billion during the three-month period, which is up 18% from last year.
“GE’s second-quarter performance was strong, building on our first-quarter momentum and marking a solid first half of the year. Orders and revenue grew double digits, led by robust services growth across our portfolio, increased demand at GE Aerospace, and record Renewable Energy orders,” said Lawrence Culp, chief executive officer of GE.
Prior Performance
_________________________________________________________________________________________________________________
Stocks you may like:
International Business Machines Corp. (IBM) Stock
_________________________________________________________________________________________________________________
Most Popular
Philip Morris International (PM) Q1 2025 Earnings: Key financials and quarterly highlights
Philip Morris International Inc. (NYSE: PM) reported its first quarter 2025 earnings results today. Net revenues increased 5.8% year-over-year to $9.3 billion. Organic revenue growth was 10.2%. Net earnings attributable
General Dynamics (GD) Q1 2025 profit jumps; revenue up 14%
Aerospace company General Dynamics (NYSE: GD) reported a sharp increase in earnings for the first quarter of 2025, reflecting a double-digit growth in revenues. First-quarter revenue increased 14% year-over-year to
Infographic: How Boeing (BA) performed in Q1 2025
The Boeing Company (NYSE: BA) reported its first quarter 2025 earnings results today. Revenues increased 18% year-over-year to $19.5 billion. Net loss attributable to Boeing shareholders amounted to $37 million,
