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General Electric Co.$9.14$.161.78%

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   Friday, July 21, 2017 6:30:00 AM ET

GEs portfolio enables us to execute in a slow-growth, volatile environment, with Industrial segment organic revenues* +2% and orders +6%. We delivered $0.28 of Industrial operating + Verticals earnings per share* and reported Industrial operating margin* +10 bps. GEs Industrial CFOA*-b) for the second quarter was $1.5 billion, significantly better than first quarter and better than second quarter last year. We expect cash flow to continue to improve throughout the year. Weve reduced our Industrial structural costs* year to date by $670 million and we are on track to meet or exceed our $1 billion cost reduction target for the year. The global scale of the Company, along with our ability to innovate industry-leading products and services, will help us navigate the current environment and unlock productivity across our businesses and markets.

Jeff Immelt, Chairman and CEO

Continuing operations EPS (GAAP) of $0.15, (58)%

Industrial operating + Verticals EPS (non-GAAP) of $0.28, (45)%

Industrial segment revenues $28.0 billion (2)%, +2% organically*; Industrial operating profit-a) $3.6 billion (1)%, +4% organically*

Backlog $327 billion +2% vs 2Q16; Orders +6%

2Q17 GE CFOA of $3.2B; $1.5 billion Industrial CFOA*-b)

YTD returned $7.8 billion in cash to shareowners; $3.6 billion through buyback

For the full press release, please go here

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