Publication Date:
Thu, 2011-04-21 16:54
General Electric on Thursday reported net income of $3.43 billion, or 31 cents per share, for the three months ended March 31. That compares with $1.95 billion, or 17 cents per share, in the same period last year.
Revenue increased 6 percent to $38.45 billion.
Analysts expected earnings of 28 cents per share on revenue of $34.8 billion, according to FactSet.
GE capital, the company’s lending business, continued to recover from the financial crisis, with profits more than tripling profits to $1.8 billion in the quarter. GE’s transportation, health care, aviation, and home and business solutions businesses also posted increased earnings.
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