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.
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
_________________________________________________________________________________________________________________
Stocks you may like:
International Business Machines Corp. (IBM) Stock
_________________________________________________________________________________________________________________
Most Popular
BIIB Earnings: Biogen Q1 2024 adj. earnings rise despite lower revenues
Biotechnology firm Biogen Inc. (NASDAQ: BIIB) Wednesday reported an increase in adjusted profit for the first quarter of 2024, despite a decline in revenues. Total revenue declined 7% year-over-year to
Hasbro (HAS) Q1 2024 Earnings: Key financials and quarterly highlights
Hasbro, Inc. (NASDAQ: HAS) reported first quarter 2024 earnings results today. Revenues decreased 24% year-over-year to $757.3 million. Net earnings attributable to Hasbro, Inc. were $58.2 million, or $0.42 per
BA Earnings: Highlights of Boeing’s Q1 2024 financial results
The Boeing Company (NYSE: BA) on Wednesday announced financial results for the first quarter of 2024, reporting a narrower net loss, on an adjusted basis. Revenues dropped 8%. Core loss,