- GE reported a quarterly loss of $934 million.
- GE business segment losses were $1.786 billion.
Industrial power giant GE reported a bumpy third quarter across its renewable energy and power business segments.
The company’s onshore wind turbine revenues came in at $2.445 billion for the quarter ending September 30. That was down from $3.047 billion for the same quarter a year earlier.
For the first nine months of the year, onshore wind turbine revenue was $6.403 billion. That was down from $8.048 billion a year earlier.
Across the company’s entire renewable energy business, GE reported a quarterly loss of $934 million. That was wider than the $151 million loss recorded over the same period in 2021. For the first nine months of 2022, business segment losses were $1.786 billion. Again, that was a wider loss from the $484 million loss recorded over the first three quarters of 2021.