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GE Profits Down Again

Dow Jones:

General Electric (GE) said first-quarter profit attributable to shareholders dropped 32% to $1.87 billion, or 17 cents a share, as revenue fell 5% to $36.61 billion. Earnings drops at GE Capital, technology infrastructure and NBC Universal offset growing profits at energy infrastructure. From continuing operations, the industrial bellwether said it earned 21 cents a share, compared to FactSet-compiled estimates of earnings of 17 cents a share on revenue of $37.3 billion. GE said it may evaluate additional restructuring that will improve earnings power going forward.

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