YOUR BUSINESS AUTHORITY

Springfield, MO

Log in Subscribe

General Electric beats estimates

Posted online

General Electric outpaced analysts' expectations when it posted its earnings report on Friday, causing shares to jump.

During the first quarter, GE recorded a net loss of 14 cents per share, wider than the loss of 1 cent per share a year earlier. However, on an adjusted basis, earnings came to 16 cents per share, above analysts' predictions of 11 cents per share.

Revenue rose 7 percent to $28.7 billion, beating predictions of $27.5 billion for the first quarter.

Read more from CNBC.

Comments

No comments on this story |
Please log in to add your comment
Editors' Pick
From the Ground Up: Republic Intermediate School

The Republic School District is on track to open its Intermediate School for fifth- and sixth-grade students for the 2025-26 academic year.

Most Read
Update cookies preferences