Friday, 22 July 2011

GE has 82 Billion Cash Reserve Paid No Taxes expected to report 13 percent rise in profit

Wall Street expects GE to report a net profit of $3.43 billion, earnings per share of 32 cents and $34.7 billion in revenue, according to Thomson Reuters I/B/E/S.

The revenue target implies a 7 percent drop, which reflects the company's continuing drive to scale back its GE Capital finance arm.


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