YOUR BUSINESS AUTHORITY
Springfield, MO
YOUR BUSINESS AUTHORITY
Springfield, MO
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.
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