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GE Appliance Business Reports Stronger 1Q Results
Apr 24, 2013
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General Electric Company said first quarter 2013 operating earnings were $4.1 billion, up 14% from the first quarter of 2012. The conglomerate reported GAAP earnings from continuing operations were $3.6 billion, up 13%.

Revenues were $35.0 billion for the quarter, flat with the year-ago period.

GE reported solid growth in Home & Business Solutions, the business unit producing home appliances.

Home & Business Solutions 1Q 2013 revenues were $1,917 million, up from $1,915 million in 1Q 2012. Profits for the operating segment were $79 million, up 39% from $57 million in 1Q 2012.

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