GE Sales & Profit Jump
October 08
00:00
2004
GE Sales & Profit Jump
Jason Sandefur
General Electric Co. reported earnings rose 11% to $4.05 billion during the third quarter of 2004, while revenue jumped 15% to $38.3 billion. “The economy we see continues to be very strong, with our total orders for the quarter up 27%,” stated CEO Jeff Immelt. “Eight of our 11 businesses delivered at least double-digit earnings growth with continued strong performance on cash flow from operating activities.”
For the first nine months of 2004, earnings increased 7.7% to $11.2 billion, while nine-month revenue grew 11.8% to $108.7 billion. GE owns fastener distributor GE Supply Logistics, formerly Questron Technologies, but does not break down the company’s results. Web: ge.com �2004 FastenerNews.com
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