Friday, July 19, 2013

General Electric second-quarter profit falls

(Reuters) - General Electric Co reported a fall in second-quarter profit, hurt by lower demand for power and water products.

Operating earnings fell to $3.69 billion, or 36 cents per share, for the quarter ended June 30, from $4.01 billion, or 38 cents per share, a year earlier.

Revenue fell 4 percent to $35.1 billion.

(Reporting by Bijoy Koyitty in Bangalore; Editing by Saumyadeb Chakrabarty)

Source: http://news.yahoo.com/general-electric-second-quarter-profit-falls-105950403.html

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