General Electric released its Q1 financial results today, revealing its fourth consecutive quarter of double-digit growth.
Revenues grew to $38.4 billion for the quarter, up six percent from one year ago. Overall perating earnings for the quarter were reported as $3.6 billion, up 58 percent over Q1 2010, while GE Capital earned $1.8 billion for the quarter (all figures US$).
“As today's results show, GE has emerged from the recession a stronger, more competitive company,” GE Chairman and CEO Jeff Immelt said in a press release. “GE Capital also had a strong first quarter, earning $1.8 billion after tax. With losses having peaked, we are originating new business at attractive margins and our funding costs continue to be favorable.”
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