General Electric Co. said Thursday it expects earnings to meet the high end of earlier projections for the third quarter, and raised its outlook for full-year profit.
The conglomerate said it has seen “solid growth” in orders for major equipment and services, indicating that it expects to post earnings of 44 cents for the third quarter. Its previous guidance was 43 cents to 44 cents.The company raised the low end of its prior outlook for the full year by 1 cent, moving the range to $1.81 to $1.83 per share. Analysts had forecast earnings for the year at $1.82.
