general electric profit falls 20 on weak oil earnings
Last Updated : GMT 06:49:16
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Last Updated : GMT 06:49:16
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General Electric profit falls 20% on weak oil earnings

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Arab Today, arab today General Electric profit falls 20% on weak oil earnings

General Electric
New York - Arab Today

Sluggish activity in oil and gas weighed on General Electric's third-quarter results Friday, offsetting strength in other businesses and pushing profits lower.

Net income for the industrial conglomerate fell 20.4 percent to $2.0 billion. The company said it faced a "slow growth, volatile environment."

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