GE (NYSE:GE) posted third-quarter 2013 earnings of $0.36 per share, down 3% and flat respectively from the third quarter of 2012, beating analyst expectations. According to GE Chairman and CEO Jeff Immelt, "Orders grew 19% with orders growth around the world. Total segment profit grew 12%, Industrial margins grew 120 basis points in the quarter, and we are on track for planned margin expansion of 70 basis points for the year. GE Capital continues to perform well, and we finished the quarter with a Tier 1 common ratio of 11.3%, up 116 basis points." Shares of GE are higher by about 2% so far today.
Interpublic (NYSE:IPG) reported third quarter revenue of $1.7 billion, compared to $1.67 billion in the third quarter of 2012. Operating income was $141.5 million and operating margin was 8.3%. Diluted earnings per share was $0.17 excluding the charge for early extinguishment of debt, compared to $0.15 per diluted share a year ago, missing expectations. Inclusive of the charge, diluted earnings per share in the third quarter 2013 was $0.11. Shares of IPG are lower by about 4.2%.
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