GE Reports Q2 Net Loss on Discontinued Operations Charges
JUL 17, 2015 - 8:00 am
General Electric reported a Q2/15 net loss of $1.36 billion as it booked a $3.75 billion loss, net of taxes, from discontinued operations at GE Capital. Earnings from continuing operations were $2.39 billion, down from $2.884 billion a year earlier.
GE said it signed $68 billion of GE Capital dispositions and is on track for a goal of closing about $100 billion by year-end. Revenues and profit from its remaining GE Capital operating segments were $6.218 billion and $218 million, respectively compared to $6.275 billion and $1.002 billion a year earlier. For the six months ended June 30, 2015, GE reported a total GE Capital segment loss of $8.289 billion compared to $2.248 billion for the same period in 2014.
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