YE-Logo-BG-Live-PinkRibbon.png

47°F
Sponsored by

News

GE Announces Second Quarter Earnings

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%.
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 $125mm and our first Tier 4 order. These wins are the result of our continued investments in technology."
Page: [[$index + 1]]

Pinpoint Doppler