FAIRFIELD, Conn.--(BUSINESS WIRE)--July 11, 2003--GE's second quarter 2003 earnings were $3.8 billion, or $.38 per share, compared with $4.4 billion, or $.44 per share, in second quarter 2002, the Company announced today.
"We delivered another quarter of broad-based performance in a tough economy, with eight of our 13 businesses achieving double-digit earnings growth while we managed through the downturn in Power Systems' sales of large gas turbines," said GE Chairman and CEO Jeff Immelt. "At the same time, we made further progress on building the foundation of our future growth.