Trades and observations from a British contrarian stock investor

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Friday, April 16, 2010

General Electric beats 1st quarter estimates

General Electric Co. (GE) has just announced that its first-quarter earnings fell 32% to $1.87 billion, or 17 cents a share, and revenue fell 5% to $36.61 billion. From continuing operations it earned 21 cents a share, compared to estimates of earnings of 17 cents a share on revenue of $37.3 billion. Its financial arm, GE Capital, saw its profit drop 41% to $607 million as revenue fell 10%.

The company said it may evaluate additional restructuring that will improve earnings power going forward.
Posted by Contrarian Investor UK at 12:28 PM
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