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Stock impact report

General Electric: A Smack Of Pain With Hints Of Progress [Seeking Alpha]

General Electric Company (GE) 
Last general electric company earnings: 4/30 04:02 pm Check Earnings Report
US:NYSE Investor Relations: ge.com/investor-relations/overview
Company Research Source: Seeking Alpha
SummaryInvestors would be right to be feeling pain after General Electric reported first quarter results.The company, like others, has been hit hard by the recent global downturn.Some really good signs are showing up, though, that the situation is beginning to turn around.The industrial conglomerate still makes for an attractive long-term prospect.Times have been tough for industrial conglomerateGEA look at the badTo begin with, let’s touch on the bad for General Electric. According to management, thelatest quarterlast year’s first quarterPain wasn’t universal across the business, but it was pretty close to being that way. Organically, revenue for its Aviation segment fell 11% to $6.9 billion. Power’s organic revenue declined 12% year-over-year. Renewable Energy’s revenue actually surged 28% year-over-year, but the segment’s loss of $0.3 billion led to its segment profit margin totaling -9.5%. Power also lost money, but only $0.1 billion. Aviation still managed to be the firm’s cash c Show less Read more
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