twice connect
careers

GE Q3 Majaps Sales Flat, Profits Up 21%

10/14/2002 08:22:00 AM Eastern

Fairfield, Conn. - Sales in the major appliances segment in the consumer products division at General Electric were flat during the third quarter, hitting $1.54 billion, about $5 million more in sales than the company recorded in the third quarter of 2001.

Segment profit for majaps increased to $119 million in the third quarter, ended Sept. 30, a 21 percent increase over the $98 million reported in the year-ago period.

For the nine months, GE's majaps sales climbed 7 percent, to $4.6 billion, up from $4.3 billion in the same quarter last year.

Majaps segment profit for the nine months rose 18 percent, to $329 million, compared with $278 million in the same period in 2001.

Consolidated GE revenue for the third quarter rose 11 percent, hitting $32.6 billion, up from $29.5 billion in the third quarter last year. Net earnings for the period climbed 25 percent, reaching $4.1 billion, compared with $3.3 billion in the third quarter last year.

Consolidated GE revenue for the nine months increased 5 percent, to $96.3 billion, compared with $92 billion in the same period the previous year. Net earnings for the nine months rose 13 percent, hitting $11 billion, up from $9.8 billion year over year.

PHOTOS
ProSource Meeting Filled With Optimism

San Antonio — Optimism reigned at ProSource’s

Ingram Draws 500 To Spring Vendor Expo

Scottsdale, Ariz. — Ingram Micro Consumer

CEA Holds ’14 Digital Patriots Dinner

Washington — CEA held its annual Digital

8 Technology Accessories For a Greener Earth

An Earth Day review of Earth-friendly products, by

BrandSource Shows Diverse Product Selection

BrandSource’s Summit show at the Marriott World

Scenes From Toy Fair

By Lisa Johnston

ADL Honors Morales, Bilas, Paull, Weedfald At Annual Dinner

New York — The Anti-Defamation League’s