Home
Global Supplier Directory
APPLIANCE Engineer
Supplier Solutions
APPLIANCE Line
Whitepaper Library
Calendar of Events
Association Locator
Contents Pages
Market Research
Subscription Center


 
Daily News

GE 1Q Profit Down 35%
Apr 21, 2009
 Printable format
 Email this Article
 Search

General Electric Co. reported a net income decline of 35% in 1Q 2009, dragged down by the performance of its GE Capital Finance subsidiary and its Consumer & Industrial division.

First-quarter net income was US$2.9 billion, compared with $4.5 billion a year ago. Revenue for the quarter declined 9% from the previous year, to $38.4 billion from $42.2 billion.

First-quarter profit for GE Consumer & Industrial, which includes GE’s appliances, lighting and industrial power generation equipment divisions, declined 75% over the year-ago period, to $36 million from $144 million. Revenue for the division declined 22%, to $2.2 billion, from $2.9 billion a year ago.

In a news release, GE chairman and CEO Jeff Immelt said the company plans to reduce its costs by more than $5 billion in 2009.

Back to Daily News

 

Daily News

...........................................................

Nov 26, 2014: Hamilton Beach 3Q income down slightly

Nov 26, 2014: LG's sales of Inverter Linear Compressor refrigerators top 10 million

Nov 25, 2014: Robotics Exhibits Grow 25% at 2015 CES

Nov 25, 2014: Index shows HVAC/R contractors more positive than last year

Nov 25, 2014: Consumer Confidence Index Declines

More Daily News>>

RSS Feeds
.........................................................
Appliance Industry
Market Research

...........................................................

November 2014: U.S. Appliance Industry: Market Value, Life Expectancy & Replacement Picture 2014
October 2014: Portrait of the European Appliance Industry
September 2014: Appliance Industry Focus: HVAC
June 2014: Appliance Magazine Market Insight: April 2014




 
Contact Us | About Us | Subscriptions | Advertising | Home
UBM Canon © 2014  

Please visit these other UBM Canon sites

UBM Canon Corporate | Design News | Test & Measurement World | Packaging Digest | EDN | Qmed | Plastics Today | Powder Bulk Solids | Canon Trade Shows