GE quarterly profit drops 28 percent

(Reuters) - U.S. industrial conglomerate General Electric Co reported a 28 percent drop in quarterly profit on Friday, as weakness in its power business offset gains in aviation and healthcare businesses. Earnings from continuing operations attributable to GE shareholders fell to $736 million in the second quarter ended June 30, from $1.03 billion a year earlier. Earnings per share from continuing operations fell to 8 cents from 12 cents, the company said. On an adjusted basis, GE earned 19 cents per share. Total revenue rose to $30.1 billion from $29.1 billion. (Reporting by Rachit Vats in Bengaluru; Editing by Saumyadeb Chakrabarty)