EnergyWatch

GE Renewable Energy exceeds revenue forecast

The wind turbine division books a higher revenue than expected, though the same applies to the operating deficit, which ends up deeper than analyst forecasts.

Photo: VINCENT KESSLER/REUTERS / X00403

US industrial conglomerate General Electric (GE) books a higher revenue than expected for its Renewable Energy business unit.

GE Renewable Energy reports USD 4bn in revenue for the second quarter, while analysts had expected USD 3.8bn, reports Bloomberg News.

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