GE Announces Second Quarter Earnings

Published 07/18 2014 03:42PM

Updated 07/18 2014 06:23PM

July 18, 2014 - General Electric announces second quarter earnings today that are up nearly 10% from second quarter of 2013.

Operating earnings in the second quarter of 2014 for General Electric came in at $3.9 billion.

At Erie's largest employer, GE Transportation, President and CEO Russell Stokes, says second quarter revenues of $1.3 billion were down 18% and operating profit was down 14%.

However, orders were up 35%.

Stokes said in a statement, “As a business, we met most of our second quarter targets, and we achieved significant wins including the Singapore Land Transfer Authority signaling deal valued at $125mm and our first Tier 4 order. These wins are the result of our continued investments in technology."

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