IPFS News Link • Economy - Economics USA
G.E. Earnings Beat Expectations
• http://www.nytimes.com,The revenue for the company as a whole fell 8 percent from the year-ago quarter, to $35.2 billion.
This year’s first quarter had no contribution from NBC Universal, which G.E. owned but sold a majority stake to Comcast. Excluding the revenue from NBC Universal in the year ago quarter, revenue increased by 4 percent and exceeded the average analysts’ estimate of $34.8 billion, as complied by FactSet Research.