General Electric is a financial service provider and a diversified technology company, the product and services of General Electric (NYSE: GE) range from aircraft engines, power generation and more. Energy infrastructure, Healthcare, Home solutions, Business solutions are the few segments, the General Electric (NYSE: GE) is dealing and working for.
Income Statements Results For The Second Quarter 2014
In the second quarter of 2014, General Electric (NYSE: GE) has recorded $3.9 billion operating earnings, with $0.39 earning per share. When it is compared to the last year 2013 earnings, the amount is up 8% from the previous year. The earnings from GAAP continuation offerings recorded by the company were $3.6 billion, with $0.35 earning per share, up 13% from the prior year results.
The General Electric Co industrial segment had recorded that General Electric have earned profits of 9% to $4.2 billion in the first half of 2014. Revenue earned in this particular section this year in the second quarter was 7% higher than what the company has earned last year. Organic growth was 5% and growth market revenue was 6% higher than the prior year same quarter. In the second quarter of 2014 the operating margin was up on the basis of 20 points.
“GE had a good performance in the quarter and in the first half of 2014, with double-digit industrial segment profit growth, 30 basis points of margin expansion, and nearly $6 billion returned to shareholders,” said GE Chairman and CEO Jeff Immelt. “The environment continues to be generally positive.”
The total cash amount of $3.4 billion was generated by the company in the second quarter 2014 and the amount which is generated from the industrial operating activities was $2 billion.
Stock Market Results
Today the stock market has highlighted that General Electric (NYSE: GE) share price for today is $26.93, previously the share price was closed at $ 25.93, with the price change of (0.09) or (0.35%) and the opening rate for GE is $26.01. On the basis of the past 52 weeks the high and low price of General Electric (NYSE: GE) is $28.09 and $23.50. Beside this the day’s high share price is $26.01 and the lowest price rate is $25.69. The earnings per share for the General Electric share $1.44 with the dividend of 0.22 and the market cap of General Electric shares recorded was $261.08B, with the P/E ratio of 18.03.