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General Electric Co.$8.73$.07.81%

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   Friday, October 20, 2017 6:30:00 AM ET

Continuing operations EPS (GAAP) of $0.22, (4)%
Industrial operating + Verticals EPS (non-GAAP) of $0.29, (9)%
EPS impact of $(0.16) resulting from impairments of $(0.13); higher restructuring and lower gains of $(0.03)
3Q’17 GE CFOA of $0.5 billion; $1.7 billion Industrial CFOA*-a)
Industrial segment revenues +10%, (1)% organically*
Orders +11%; organic orders flat

“This was a very challenging quarter. While a majority of our businesses had solid earnings performance, this was offset by a decline in Power performance in a difficult market. Our Industrial CFOA*-a) for the quarter was down principally because of lower Power volume, resulting in lower earnings and higher inventory. We believe that the new leadership team at Power and the cost actions that we are taking will better position the Company in 2018 and beyond.”

— John Flannery, Chairman and CEO

For the full press release, please go here

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