FROM THE NEWSROOM: FAIRFIELD, Conn. (AP) — General Electric is reporting lower net income than a year ago because last years results included the sale of NBC Universal. But the company said industrial divisions performed well and the economic environment was positive. GE earned $3 billion in the first quarter on revenue of $34.18 billion, down from $3.5 billion on revenue of $34.94 billion during the same period last year. On a per share basis, GE earned 30 cents. Adjusted to reflect continuing operations and to remove the effect of one-time charges, GE earned 33 cents per share, down 15 percent from a year ago. Analysts had expected GE to earn 32 cents per share, on average, on sales of $34.45 billion, according to FactSet. GE shares rose slightly in trading before the market opened Thursday.
Posted on: Thu, 17 Apr 2014 11:19:37 +0000
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