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Huge Slump in General Electric’s Q2 Earnings Drags Stock by 4.4%

Samuel Prince
Huge Slump in General Electric’s Q2 Earnings Drags Stock by 4.4%

General Electric (GE) announced its second-quarter results today before the market opened. The company’s net earnings fell 32.7% to $1.62 billion in the quarter from $2.41 billion in Q2 2017. A huge fall in the company’s net earnings sent shockwaves across the markets, badly hitting the stock.