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Latest Miss: GE Blames Capital Markets for Earnings Woes HW+

Apr 11, 2008By

So much for those earnings that GE CEO Jeffrey Immelt had said were “in the bag” just a few weeks ago — in a stunning reversal that caught investors and analysts alike by surprise, General Electric Co. [stock GE][/stock] reported Friday its first decline in quarterly earnings since 2003 and cut its earnings forecast amid historic troubles in the capital and mortgage markets.

3d rendering of a row of luxury townhouses along a street

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