Double Digit EPS Growth with Topline Up Slightly
General Electric Company announced second quarter 2014 operating income of $7750 millions
Sales increased modestly by 3.16 % to $36.23 billions from $35.12 billions in the same quarter a year ago and sequentially Sales increased by 6.01 % from $34.18 billions.
General Electric Company told that it's good performance came from several different businesses, GE Capital Aviation Services +4.91%, Power or Water +10.1%, Energy Infrastructure +10.8%, Corporate items eliminations +-80.49%, Energy Financial Services +1.32%, Aviation +14.84%, Oil or Gas +20.38%, while following sections logged decrease in revenues Commercial Finance -7.58%, Consumer Finance -3.15%, Healthcare -0.16%, Appliances or Lighting -0.33%, Real Estate -23.85%, Transportation -18.22%, Energy -6.31%.
General Electric Company profits improved across the board, with growth in GE Capital Aviation Services, Power or Water, Energy Infrastructure, Healthcare, Energy Financial Services, Appliances or Lighting, Aviation, Energy, Oil or Gas segments.
Net income of $3,545 millions in the second quarter 2014 increased by 13.15 % from net earnings of $3,133 millions reported in the second quarter 2014 a year ago. Although operating margin fell to 21.39%, in the second quarter 2014, the company's net margin actually improved to 9.78%.
General Electric Company is expected to report next financial results on October 16, 2014.