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General Electric Q2 adjusted EPS $0.19

Staff Writer |
General Electric (GE) reported second-quarter adjusted EPS of $0.19, down 10% year-over-year.

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The company said it posted strong performance in Aviation, Healthcare, & Corporate partly offset by lower Power, Renewables, & Capital earnings. Adjusted industrial EPS was $0.21, a decline of 9%.

Adjusted Industrial earnings were $1.83 billion, down 11% from previous year. Adjusted industrial free cash flows were $0.3 billion, down $0.1 billion from last year.

For the second-quarter, earnings from continuing operations attributable to GE common share-owners declined 28% year-over-year to $736 million. Continuing EPS was $0.08, compared to $0.12. Net EPS was $0.07 compared to $0.10.

Second-quarter consolidated revenues were $30.1 billion, up 3% from previous year. GE Industrial Segment organic revenues were $25.24 billion compared to $26.91 billion, prior year.

Organic revenue was down 6% impacted by Power market, Oil & Gas recovery & Transportation; growth in Aviation & Healthcare. Second-quarter orders were up 11% reported, and up 1% organically.

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