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GE Earnings

General Electric (GE) reported earnings this morning:

GE REPORTS Q3 $0.45 V $0.45E, R $47.23B V $47.34BE; MAINTAINS DIVIDEND
- Reiterates FY08 EPS $1.95-2.10 v $1.99e (from Sept. 25)
- Total backlog $170B, equipment backlog +19%, service backlog +22%
- Q3 Energy Infrastructure Rev $9.77B, +32% y/y
- Q3 Tech Infrastructure Rev $11.45B, +9% y/y
- Q3 GE Capital Finance Rev $17.29B, +2%y/y
- Q3 NBC Universal Rev $5.07B, +35% y/y
- Q3 Industrial Sales Rev $28.9B, +17% y/y
- Company says "We are on track to meet our September 25 revised guidance for the full year"
- Has raised $15B in committed capital, hopes to use these funds to ‘play offense’ in the long term

The US President Bush is to speak sometime this morning.  Futures are still down from yesterday’s close.  Be sure to see Chuck’s video from last night, he did an excellent job!