Reuters - Video

Edition: US | UK | IN | CN | JP

video Finance Videos

Reuters Right Now: GE profit up, but revenue misses forecasts

Friday, October 19, 2012 - 00:40

Oct 19 - General Electric, the largest U.S. conglomerate, said that foreign exchange negatively impacted revenues by $1.1 billion in the third quarter.

▲ Hide Transcript

View Transcript

Okay -- reported an 8% rise in third quarter earnings which met Wall Street forecasts whoever that's not really what the stock is reacting to this morning. I'd stay on in premarket and that's largely reaction to a revenue number which came in a bit light of what investors are hoping for. Are now there's a number of reasons for that sales were down in both the aviation health care arms but importantly for an exchange rate revenue by about a 1000000001. In the quarter GE says that factor that out it would be done. However I industrial and investors are very focused on revenue this quarter at -- time of economic uncertainty in that regard that number is perhaps a better indicator of economic activity. And now profit.

Press CTRL+C (Windows), CMD+C (Mac), or long-press the URL below on your mobile device to copy the code

Reuters Right Now: GE profit up, but revenue misses forecasts

Friday, October 19, 2012 - 00:40