Las Vegas Sun

April 24, 2024

Profit jumps at G.E.

General Electric Co. said its earnings rose 20 percent in the first quarter, led by strong performances at its industrial systems and NBC units.

Earnings were $2.59 billion, or 78 cents per share, compared with $2.16 billion, or 65 cents per share, in the same period a year ago.

The results beat the expectations of Wall Street analysts by a penny, according to First Call/Thomson Financial.

Revenues in the quarter rose 24 percent to $30 billion, up from $24.17 billion a year ago.

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