Industrial conglomerate General Electric Co. (GE) reported Tuesday a net profit for the third quarter that sharply increased from last year, driven by improved profit margins and 20 percent revenue growth. Adjusted earnings per share and quarterly revenues topped analysts' expectations. The company also raised its outlook for the full-year 2023.
In pre-market activity on the NYSE, GE shares are trading at $111.00, up $4.31 or 4.04 percent.
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Business News
June 19, 2026 16:46 ET Major central banks continued to dominate the economic news flow this week too, led by the Federal Reserve, as they announced their latest policy decisions. The Federal Reserve policy session was in focus as it was the first to be led by the new chief Kevin Warsh. In Europe, central banks of the U.K. and Switzerland announced their rate decisions. In Asia, the Bank of Japan drew attention for its policy moves, while data out of China threw some light on the state of the economy.