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GE Reports Increased Revenues, Earnings in Q2; Healthcare Revenues Soar After Amersham Acquisition

NEW YORK, July 9 (GenomeWeb News) - General Electric reported its second quarter earnings today, which included results from recently acquired Amersham.

 

Total revenues for the quarter were $37 billion, up from $33.4 billion during the same period last year. GE Healthcare, which includes former Amersham, generated $3.4 billion in revenues, compared to $2.4 billion during the same quarter a year ago, prior to the Amersham acquisition.

 

GE did not break out Amersham's contribution to its Healthcare unit revenues, but Amersham had ₤427 million ($795 million) in sales during the second quarter of 2003.

 

The company's profits increased to $3.9 billion, up from $3.8 billion during the same quarter last year. GE Healthcare accounted for $584 million in profits, up from $440 million during the year-ago period.

 

As of the end of June, GE had $133.1 billion in cash and marketable securities.

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