General Electric says U.S. challenges persist in Healthcare Reports Q2 Healthcare segment orders flat at $4.8B, with emerging markets up 7%, Europe up 2% and U.S. down (2%). GE cites caution from Affordable Care Act impacting U.S. activity in Healthcare segment.
GE sees FY14 revenue flat to up 5%, consensus $148.59B General Electric says its total year framework remains on track. GE expects strong Industrial segment growth and margin expansion in 2014. Says on track to lower Corporate expense about $500M. Sees FY14 Industrial segment organic growth 4%-7%; GE Capital flat to (5%). Comments and guidance from slides for Q2 earnings call.
General Electric reports backlog of equipment and services at Q2-end $246B Reports ENI was at $371B at Q2-end, down $2.4B from last quarter. General Electric Capital Corporationís estimated Tier 1 common ratio rose 51 basis points from the year-ago period to 11.7%, and net interest margin was strong at 5%.