GE Announces Q2 Results Jul 11, 2003

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GE's second quarter 2003 earnings were U.S. $3.8 billion, or $0.38 per share, compared with $4.4 billion, or $0.44 per share, in second quarter 2002, the company announced today. According to the company, revenues of $33.4 billion were about the same as second quarter 2002. Cash generated from GE's operating activities in the first half of 2003, excluding progress collections, was $5.5 billion, down 10% from last year's $6.1 billion, reflecting the planned reduction in the GE Capital Services dividend to the parent company. Including progress collections, GE's total cash flow from operating activities was $4.2 billion, up 22% from last year's $3.5 billion.

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