GE Healthcare's Q2 profits rise on flat sales
Profits for General Electric's GE Healthcare division are up for the 2nd quarter, despite flat sales.
General Electric  (NYSE:GE ) said today that its GE Healthcare division posted 2nd-quarter profit gains despite flat sales, as the parent conglomerate beat Wall Street's earnings forecast by a penny.
GE Healthcare logged profits of $726 million on sales of $4.49 billion for the 3 months ended June 30, for a bottom-line gain of 4.6% but a top-line slip of 0.2%. Orders for the division grew 9% compared with Q2 2012, according to a press release.
GE's overall profits were $3.13 billion, or 30¢ per share, on sales of $35.12 billion for the quarter. That represents profit growth of just 09.% on a sales decline of 3.5%.