GE net income down 11.6 percent after charge
General Electric Co posted an 11.6 percent decline in quarterly profit, weighed down by a charge for the company's exit of its Irish mortgage business, despite earnings growth across most of its businesses.
The largest U.S. conglomerate on Friday reported net income of $3.03 billion, or 29 cents per share, compared with $3.43 billion, or 31 cents per share, a year earlier. The results include a $200 million charge for the Irish mortgage exit.
(Reporting by Scott Malone in Boston; Editing by Lisa Von Ahn)
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