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GE’s Profits Rise but Sales Miss Forecasts

October 26, 2021

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General Electric Co. reported stronger profits as cost cutting offset lower-than-expected sales of its industrial equipment in the September quarter.

Revenue increased in the company’s jet engine business as travel rebounded from the start of the pandemic, but sales declined in its healthcare business from supply-chain shortages. The renewables division also booked a sales drop while the power business was flat.

Read More on The Wall Street Journal