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General electric record earnings { March 2006 }

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   http://www.breitbart.com/news/2006/04/13/060413112255.18jjtq7l.html

http://www.breitbart.com/news/2006/04/13/060413112255.18jjtq7l.html

GE reports record first-quarter results
Apr 13 7:23 AM US/Eastern

General Electric announced record first-quarter earnings of four billion dollars, up 14 percent from the figure for the first quarter of 2005.

It amounted to 0.39 dollars per share, up 18 percent from last year, the company said.

Revenues from continuing operations were also a record 37.8 billion dollars, up 10 percent from last year's first quarter.

Cash flow from GE's operating activities was a record 6.7 billion dollars.

"We had a strong performance in the quarter highlighted by double-digit growth in earnings, revenues and cash flow," said GE Chairman and CEO Jeff Immelt.

"Driven by demand for our industrial equipment, momentum in healthcare and continued performance in our financial services businesses, we achieved nine percent organic revenue growth."



Copyright AFP 2005



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