July 20, 2018 / 10:39 AM / in 3 months

GE quarterly profit drops 28 pct

July 20 (Reuters) - U.S. industrial conglomerate General Electric Co reported a 28 percent drop in quarterly profit on Friday, as weakness in its power business offset gains in aviation and healthcare businesses.

Earnings from continuing operations attributable to GE shareholders fell to $736 million in the second quarter ended June 30, from $1.03 billion a year earlier. [invent.ge/2La89Cy ]

Earnings per share from continuing operations fell to 8 cents from 12 cents, the company said. On an adjusted basis, GE earned 19 cents per share.

Total revenue rose to $30.1 billion from $29.1 billion. (Reporting by Rachit Vats in Bengaluru Editing by Saumyadeb Chakrabarty)

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