GE’s Profits Rise but Sales Miss Forecasts

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GE’s quarterly profits came in ahead of Wall Street’s expectations and the manufacturer raised its earnings goals for the full year.

General Electric Co. reported stronger profits as cost cutting offset lower-than-expected sales of its industrial equipment in the September quarter.

Revenue increased in the company’s jet engine business as travel rebounded from the start of the pandemic, but sales declined in its healthcare business fromTo Read the Full Story

 

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