General Electric reduced its net profit by 1.5 times in the second quarter

In the second quarter, the American multidisciplinary company General Electric reduced its net profit by 34% in annual terms, or 1.5 times, to $669 billion. Adjusted earnings from continuing operations were 19 cents per share, which was better than analysts' estimates of 18 cents per share. The indicator of quarterly revenue of 30 billion 100 million dollars also exceeded the forecast of analysts in 29 billion 380 million dollars. Revenues in the energy sector declined by 19%. The transport division also reduced its revenue by 13%. At the same time, revenue growth was registered in the oil and gas business - by 85%, in the aircraft building division - by 13%, in the health sector - by 6%.

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