The Power segment’s revenues were up 9% year over year to $3,820 million. Organic revenues increased 11%. Higher transactional and aero-derivative service growth at Gas Power aided its performance. Orders were flat on a reported basis and climbed 1% organically.
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If you Schenectady, 273, 301 members had more respect for yourselves, you wouldn't allow yourselves to live and be used like this. All of you will look back and regret it all once you make the discovery too late in life. A life is a terrible thing to waste.
@fks+1mkeq3rF, good news as long as it comes out of the pocket of the D's
They're going to be closing the gap next week, don't worry!
@fya+1mkeq3rF (simple math), you are so informed. GE stock closed yesterday at $ 97.44 a share. The EPS is forecasted to be $ 1.98 a share for the year. That's a 2% return. That's chicken feed and that's inflated by great returns at Aerospace. You'd accept a 2% return at the bank or on your 401k plan? GE has all the leverage and should use it in CBA negotiations. This isn't your dad's GE when earnings. In 2014 GE stock was at $ 170.41 a share with a 12.08 EPS for a 7%. Now that's a decent return
You need to look at the MARGIN to understand how much money GE actually made...aka PROFIT. Renewables was still unprofitable (negative margin) and Gas Power was slightly positive. All of GE's margin came from Aerospace.
Do you work at Aerospace? If so you can argue that the workers should get a bigger raise better benefits etc.
Do you work at Power? Then the money you are getting is based entirely on your brothers at Aerospace.
We will not close the gap. If you want more $ leave!
Be happy you have a job and get back to work. Grab a broom and don’t get caught doing nothing. They are watching everyone on here and in the building.