July 21, 2017 / 10:50 AM / in 3 months

GE revenue falls 12 pct

July 21 (Reuters) - General Electric Co reported a 12 percent drop in quarterly revenue as weakness in its energy connections business offset strength in renewables and power units.

Earnings from continuing operations attributable to GE shareholders fell to $1.34 billion in the second quarter ended June. 30 from $3.30 billion a year earlier.

Earnings per share from continuing operations fell to 15 cents from 36 cents, the company said. [invent.ge/2uhkafr ]

GE’s energy connections business provides electrification and automation products to the oil and gas, mining, utility and marine industries.

Total revenue fell to $29.56 billion from $33.49 billion. (Reporting by Rachit Vats in Bengaluru; Editing by Saumyadeb Chakrabarty)

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