General Electric Slides on Q1 Revenue Miss
General Electric (NYSE: GE) released its inaugural set of quarterly results for 2021 Tuesday morning, and even though the company beat analyst estimates for profitability, investors weren't satisfied.
In its first quarter, the sprawling conglomerate's revenue declined by 12% on a year-over-year basis to $17.1 billion. That was on the back of a 13% decline in total orders. Non-GAAP (adjusted) net profit fell 20% to $828 million, or $0.03 per share.
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Source Fool.com