GE reports flat second-quarter earnings

A day after General Electric Co. announced that it intends to seek options for spinning off its Louisville-based Consumer and Industrial division, the company announced Friday that its second-quarter earnings were flat while revenue increased.

Fairfield, Conn.-based GE (NYSE: GE) reported second-quarter net income of $5.07 billion, or 51 cents per share, down 6 percent from the year-earlier quarter, when GE reported net income of $5.38 billion, or 52 cents per share.

Total revenue increased to $46.9 billion from $42.4 billion.

Net income from continuing operations decreased to $5.4 billion, or 54 cents per share, from $5.6 billion, or 54 cents per share.

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- Posted: 2008-07-11 09:43:44

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