SOURCE: Industrial Info Resources

October 13, 2008 07:30 ET

GE's Energy Sector Brings in $1.4 Billion Profit Despite Overall Earnings Decline, an Industrial Info News Alert

SUGAR LAND, TX--(Marketwire - October 13, 2008) - Researched by Industrial Info Resources (Sugar Land, Texas) -- On October 10, General Electric Company (NYSE:GE) (Fairfield, Connecticut) reported its profits for the third quarter of the 2008 fiscal year, which ended September 30. Overall profits for the quarter, totaling $4.5 billion, were down 12% from the same period last year. While the company is highly diversified, encompassing the NBC media empire, a capital financing branch and technology infrastructure, the company's energy infrastructure segment brought in the highest revenue growth by far of any of the company's segments.

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