General Electric posts huge third-quarter miss

General Electric fell short of Wall Street's expectations, causing shares to fall by more than 7 percent in premarket trading.

Minus restructuring charges, GE earned 29 cents per share from third-quarter continuing operations. Analysts were seeking 49 cents per share.

The company's revenue rose 14 percent to $33.5 billion, beating analysts' estimations of $32.6 billion.

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