Business Standard

GE revenue falls 1 percent

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Reuters

REUTERS - General Electric Co reported a 1 percent decline in quarterly revenue on Friday, hurt by lower sales in its oil and gas and lighting businesses.

However, earnings from continuing operations attributable to GE shareholders rose to $858 million in the first quarter ended March 31, from $248 million a year earlier.

Earnings per share from continuing operations rose to 10 cents from 3 cents. (http://invent.ge/2obaxNT)

Total revenue fell to $27.66 billion from $27.85 billion.

(Reporting by Rachit Vats in Bengaluru; Editing by Sriraj Kalluvila)

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First Published: Apr 21 2017 | 4:49 PM IST

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