Why did GE's Q2 earnings fall short?

General Electric's (GE) Q2 earnings fell short due to several key factors: 1. **Revenue Shortfall in Power and Renewable Energy Segments**: Despite robust sales in the power and renewable energy segments, revenue fell short of projections. This was likely due to slow economic growth, particularly in the oil and gas business, which continued to weigh on revenue. 2. **Segment Performance Challenges**: The aviation division faced a 44% revenue decline, with equipment and service orders also dropping significantly. This was influenced by external factors such as the 737 Max issues and decreased demand for air travel due to the coronavirus pandemic. Additionally, the health care segment saw sales and orders decline, reflecting broader market challenges. In summary, GE's Q2 earnings fell short primarily due to revenue shortfalls in key segments, influenced by slow economic growth and sector-specific challenges.