Sunday, July 24, 2011

GE Delivers $0.34 Operating Earnings Per Share (EPS) up 17%; Industrial Segment Revenue Growth of 10%; Infrastructure Orders up 24%

GE Delivers $0.34 Operating Earnings Per Share (EPS) up 17%; Industrial Segment Revenue Growth of 10%; Infrastructure Orders up 24%: "

2Q 2011 Highlights (Continuing Operations Attributable to GE)

Fifth consecutive quarter of double-digit earnings growth

  • Operating earnings of $3.7 billion, up 18%; operating EPS of $0.34, up 17%
  • GAAP earnings of $3.5 billion, up 10%; GAAP EPS of $0.33, up 14%

Leading indicators improving

  • Infrastructure orders up 24%, with equipment up 33%, services up 16%
  • Industrial segment revenue growth of 10% and organic growth of 3%
  • Total revenues of $35.6 billion for 2Q’11, down 4%; up 7% excluding impact of NBCU

GE Capital earned $1.7 billion, with pre-tax earnings of $2.1 billion

GECC/GECS Tier 1 Common ratios up to 10.4%/9.1%

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