General Electric in the fourth quarter received a loss of $22 billion 800 million


In the third quarter, General Electric recorded a net loss of $22 billion 810 million against a net profit of $1 billion 320 million over the same period of 2017. Adjusted earnings of 14 cents per share were lower than experts' forecast of 20 cents per share. Revenues of $29 billion 570 million dollars also fell short of economists' expectations of 29 billion 770 million dollars. The decline for the year was 4%. The revenue of the energy technology business fell by 33%. The renewable energy division increased revenue by 15%. Aircraft business increased revenue by 12%, oil and gas – by 7%.

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