GE Earnings: General Electric Company Has Slow First Quarter

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General Electric Company (NYSE:GE) has released its earnings report for the first quarter of 2015.

general-electric-company-geGeneral Electric’s first quarter of 2015 saw it just barely beat analysts’ estimates. It reported earnings per share of 31 cents. This is one penny above what analysts were expecting and two pennies below what it reported in Q1 2014, reports CNBC.

Revenue for General Electric’s first quarter of 2015 was $29.4 billion. This fell short of the $34.23 billion that analysts were expecting from the company. it also didn’t meet up to the $34.18 billion from the same time last year, CNBC notes.

Investment firm William Blair is expecting General Electric to post earnings per share of $1.75 for 2015. It also believes the company may post $1.90 earnings per share for 2016, reports TheStreet.com.

GE shares were up slightly as of Friday afternoon.

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