That result helped push global markets down on Friday.
GE, the second largest wind turbine manufacturer behind Vestas, announced third-quarter earnings were down to $2.45bn on revenue of $37.8bn. But chairman and chief executive Jeff Immelt says markets are improving relative to the second quarter, which may have been the bottom of the downturn.
“The global environment is improving, but we’re expecting a gradual recovery,” Immelt says on a conference call with financial analysts.
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