RE: RR Falls. GE23 Jan 2024 17:08
Found this : Seems to make reference to wind turbines :
Third quarter results: Infrastructure orders down at GE. Group revenues came in below that forecast by analysts, with the share price declining in early trade. Infrastructure orders of $21.5 billion were generated, down 5%, primarily driven by a fall in orders for wind turbines. Currency movements also impacted, reducing revenues by $1.1 billion. Nonetheless, when excluding the effects of wind turbines and foreign exchange, orders rose by 4%. Pricing on orders was up 0.1% in total for the quarter. All Industrial segments enjoyed positive earnings growth for the first time since the third quarter of 2005 - Energy Infrastructure, Transportation and Home & Business Solutions reported double-digit earnings growth. In all, despite concerns for the global economic outlook, ongoing management initiatives and the group's diversity in both product type and geographical location leave it favoured