Shares of General Electric tumbled Friday morning after the US industrial bellwether reported sharply lower quarterly profits and an analyst wondered whether the company is “in limbo” as it changes chief executives and re-evaluates its sprawling business empire.
Renewables were a bright spot for GE in Q2, but even there the news was not all good.
On the plus side, GE Renewable Energy’s revenues and operating profit were up 17% (to $2.5bn)