GE Reports Strong Third-Quarter 2015 Industrial Segment Profit, Despite Oil & Gas, Foreign Exchange Headwinds
SUGAR LAND--October 19, 2015--Researched by Industrial Info Resources (Sugar Land, Texas)--Power and manufacturing leader General Electric Company (NYSE:GE) (GE) (Fairfield, Connecticut) reported a 5% rise in third-quarter 2015 industrial segment operating profit from a year earlier, despite a 1% drop in revenue. Operating profits totaled $4.5 billion, and industrial segment revenues amounted to $26.2 billion. Strong gains in the Power & Water and Aviation segments were enough to overcome a sharp reduction in its Oil & Gas segment. Industrial Info is tracking 23 GE projects worth $979.89 million.
Within this article: Details on GE's third-quarter 2015 earnings and projects, including the installation of sulfur dioxide emission control equipment at a station in Pennsylvania.