GE Announces Record First-Quarter 2007 Earnings Apr 20, 2007

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GE (Fairfield, Connecticut, U.S.), parent of appliance maker GE Consumer & Industrial, announced record first-quarter 2007 earnings from continuing operations of U.S. $4.5 billion, or $0.44 per share, up 8 percent and 10 percent respectively from first quarter 2006. Revenues from continuing operations were $4.2 billion, up 6 percent, increasing 8 percent organically.

“Demand for global infrastructure in our Energy, Aviation and Oil & Gas businesses helped Infrastructure deliver 28 percent segment profit growth,” said GE Chairman and CEO Jeff Immelt. “Our global growth was strong with developing market revenues of $7 billion total and total global revenues of $19.6, increasing 14 percent and 9 percent respectively.”

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