General Electric Co. (NYSE: GE) will report its second quarter earnings before the U.S. stock exchanges open on Friday, July 16th.
The conglomerate reporter 1st quarter earnings of $2.3 billion ($0.21 earnings per share) down 18% compared to Q1’s 2009 earnings. The company saw revenues of $36.6 billion for the quarter, down 5% from a year ago. Revenue from GE Capital Services fell 9% compared to Q1 2009 to $13.2 billion. Industrial sales were down 2% YOY at $23.5 billion. Revenue from industrial operating activities were $2.6 billion, down 17% from Q1 2009.
During the month of June, General Electric Co. (NYSE: GE)’s Baord of Directors issued a regular quarterly dividend of $0.10 per share, payable July 26, 2010 to shareowners of record at the close of business on June 21, 2010. The ex-dividend date is June 17, 2010.
General Electric Company (GE) is a diversified technology, media and financial services company. The Company’s products and services include aircraft engines, power generation, water processing, security technology, medical imaging, business and consumer financing, media content and industrial products. The Company serves customers in more than 100 countries. The Company operates through five segments: Energy Infrastructure, Technology Infrastructure, NBC Universal (NBCU), Capital Finance and Consumer & Industrial. In March 2009, Teleflex Incorporated completed the sale of its 51% share of Airfoil Technologies International – Singapore Pte. Ltd., to GE. In September 2009, the Company sold its 81% interest in Homeland Protection business to Safran SA. In September 2009, the Company acquired ScanWind. In September 2009, Moog Inc. completed the acquisition of the Company’s GE Aviation Systems’ flight control actuation business. In November 2009, GE Aviation acquired Naverus, Inc.
Shares of General Electric Co. (NYSE: GE) traded up 2.21% on Thursday hitting $15.26.
