Bloomberg reported General Electric beat analysts’ third-quarter earnings estimates, buoyed by gains in the aviation and transportation units. However, sales fell short of projections. According to the Bloomberg report, GE’s oil and gas revenue posted the biggest drop among the company’s businesses because of dwindling equipment demand amid the rout in global crude markets.
Bloomberg also reported that a series of deals during the third quarter brought the agreed-upon disposals this year to $126 billion.
Read the full Bloomberg report - GE EPS Beats, Revenue Misses; Synchrony Share Exchange Starts Next Week
Read the GE Q3 Earnings Press Release.