General Electric Topped Q1 Estimates, Top Line Up 6%, Lifted Dividend
Apr 21, 2011
General Electric (NYSE:GE) reported Q1 EPS of $0.31, ahead of consensus of $0.28 per share. Revenues rose 6% year-over-year to $38.4 billion, topping consensus estimates of $3.6 billion.
The company raised its quarterly dividend by $0.01 to $0.15, effective in Q3.
GE Chairman and CEO Jeff Immelt said, "As today's results show, GE has emerged from the recession a stronger, more competitive company. GE Healthcare, Transportation and Aviation delivered strong results. Strategic investments in high-growth segments have strengthened the company's Energy portfolio and position that business to return to growth in the second half of this year. We ended the quarter with a record high backlog of $177 billion."
No comments:
Post a Comment