Diluted loss per share in the reporting period was $0.33 versus earnings of $0.7 per share in the same period a year ago. Revenue for the period was $17.118 billion, down 12 per cent from a year ago. Analysts had expected a figure of $17.53 billion.
"I am proud of the GE team's strong first quarter results, despite a still challenging environment for the company's aviation division. I am confident that we are well positioned to deliver profitability growth, achieve high free cash flow margins of 7-9% over time and create returns for shareholders over the long term," chairman H. Lawrence Culp, Jr. was quoted in the press release.
The company expects adjusted earnings per share of $0.15 to $0.25 for the year.
General Electric is a global diversified company operating in infrastructure projects, finance and mass media.
source: bloomberg.com
"I am proud of the GE team's strong first quarter results, despite a still challenging environment for the company's aviation division. I am confident that we are well positioned to deliver profitability growth, achieve high free cash flow margins of 7-9% over time and create returns for shareholders over the long term," chairman H. Lawrence Culp, Jr. was quoted in the press release.
The company expects adjusted earnings per share of $0.15 to $0.25 for the year.
General Electric is a global diversified company operating in infrastructure projects, finance and mass media.
source: bloomberg.com
