Friday, April 22, 2016

GE Q1 Profit Beats Estimates Organic Revenue Down; Backs FY16 View

Conglomerate General Electric Co. reported Friday significantly improved results in its first quarter with higher revenues in most of its divisions. Industrial operating earnings + Verticals earnings topped analysts' estimates. Industrial segment organic revenues declined 1 percent. Further, the company reaffirmed its forecast for fiscal 2016 earnings and organic growth.

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