General Electric Co. said its second-quarter normalized net income amounted to 22 cents per share, compared with the S&P Capital IQ consensus estimate of 29 cents per share.
EPS increased year over year from 22 cents.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $2.26 billion, a gain from $2.18 billion in the year-earlier period.
The normalized profit margin fell to 5.3% from 6.7% in the year-earlier period.
Total revenue rose year over year to $32.75 billion from $32.26 billion, and total operating expenses totaled $28.48 billion, compared with $28.50 billion in the year-earlier period.
Reported net income decreased 13.9% year over year to $2.44 billion, or 24 cents per share, from $2.83 billion, or 28 cents per share.
