Categories AlphaGraphs, Earnings, Industrials

GE Earnings: A snapshot of General Electric’s Q1 2023 results

The General Electric Company (NYSE: GE) on Tuesday reported a profit for the first quarter of 2023, compared to a loss last year. The engineering behemoth’s revenues increased.

General Electric Q1 2023 earnings infographic

The Boston-based company posted adjusted earnings of $0.27 per share for the March quarter, compared to a loss of $0.09 per share a year earlier. On an unadjusted basis, net profit from continuing operations was $6.49 billion or $5.56 per share, compared to a loss of $1.18 billion or $1.16 per share in the first quarter of 2022. Total revenues came in at $14.5 billion during the three-month period, which is up 14% from last year.

“In the first quarter, we delivered double-digit top-line growth with all segments up organically and continued strength in services, as well as margin expansion in all segments. And we reported our first positive free cash flow in the first quarter in nearly a decade,” said Lawrence Culp, chief executive officer of GE.

Prior Performance

  • General Electric Q4 2022 earnings infographic
  • General Electric Q2 2022 earnings infographic
  • General Electric Company Q1 2022 earnings infographic

_________________________________________________________________________________________________________________

Stocks you may like:

Apple (AAPL) Stock

Microsoft (MSFT) Stock

Alphabet (GOOGL) Stock

International Business Machines Corp. (IBM) Stock

_________________________________________________________________________________________________________________

Most Popular

Earnings: KB Home (KBH) Q2 2024 profit rises despite lower revenues

Homebuilder KB Home (NYSE: KBH) on Tuesday announced financial results for the second quarter of 2024, reporting an increase in net income. Revenues were down 3%. The company’s net income

What to expect when General Mills (GIS) reports its fourth quarter 2024 earnings results

Shares of General Mills, Inc. (NYSE: GIS) stayed green on Tuesday. The stock has dropped 5% over the past one month. The processed foods company is scheduled to report its

Lennar Corporation (LEN) Earnings: 2Q24 Key Numbers

Lennar Corporation (NYSE: LEN) reported total revenues of $8.8 billion for the second quarter of 2024, up 9% year-over-year. Net earnings attributable to Lennar were $954 million, or $3.45 per share, compared to

Add Comment
Loading...
Cancel
Viewing Highlight
Loading...
Highlight
Close
Top