General Electric’s 3Q adjusted profit surprises Wall Street

Michelle Chapman

10/28/2020

GE-Results — GE reported a loss of $1.19 billion in the third quarter of 2020. / AP FILE PHOTO/RICHARD DREW

General Electric narrowed its losses in its third quarter as it trimmed expenses and managed to post an adjusted profit that surprised Wall Street. GE lost $1.19 billion, or 13 cents per share, for the three months ended Sept. 30. A year earlier the Boston-based company lost $9.47 billion, or 15 cents per share. Earnings,…

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