General Electric earning rise 11% to €2.47bn

EARNINGS at General Electric climbed 11% in the third quarter as the finance unit’s gains blunted tighter profit margins in the energy business.

Earnings from continuing operations were $3.4 billion (€2.47bn), or 31 cents a share, compared with $3.06bn, or 28 cents, a year earlier excluding pension costs, Connecticut-based GE said.

GE employs 2,200 people across 19 businesses throughout Ireland.