GE posts Q3 results; shares edge lower
GE
* GE
profit up 4%; backlog up to record $174B; capital finance earns $263mm
* Q3 earnings per share $0.22 from continuing operations
* Q3 earnings per share $0.22 * Q3 revenue $37.8 billion
* Says GE Capital completed 2009 long-term debt funding plan; pre-funded; > 90% of 2010 plan to date
* Says seeing signs of stabilization in environment for GE Capital
* Says every segment at GE Capital was profitable with the exception of real estate
* CEO says preparing GE Capital to be a smaller, more focused franchise
* Q3 earnings per share view $0.20, revenue view $39,503.93 million -- Thomson Reuters I/B/E/S
* CEO says global economic environment beginning to slowly recover
* Says capital finance earned $263 million in the quarter
* Says generated $18.4 billion in infrastructure orders, a decline of 18% year-over-year
* Says total company orders of $18.4 billion, down 18%
* Says equipment orders up $0.7 billion from 2q 2009
* Says continued aggressive cost reductions in the quarter
* Says preparing GE Capital to be a smaller, more focused franchise
* Says capital finance on track for profitable 2009
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