GE hits third quarter goals
October 12, 2007
Filed under Features
GE Commercial Finance and GE Money both saw double-digit growth in the company’s third quarter, boosting GE’s overall revenue to $42.5 billion and net earnings to $5.5 billion, the company said in a press release Oct. 12.
GE Commercial Finance posted a 12 percent revenue increase for the quarter, while GE Money reported a 13 percent revenue increase.
“These businesses had approximately $100 million of impact in the quarter due to market volatility,” said Jeff Immelt, chairman and CEO, in the release.
“Our outlook for the remainder of the year is strong,” Immelt said. “We have a better set of financial services businesses [in place].”