GE announced today that its first-quarter earnings for 2003 were U.S. $3.2 billion, or $.32 per share before a required accounting change. Last year, GE’s first-quarter earnings were $3.5 billion, or $.35 per share. Net earnings for first quarter 2003 were $.30 per share and $.25 per share in first quarter 2002.
The company also reports that eight of its 13 businesses—Aircraft Engines, Commercial Finance, Consumer Finance, Industrial Systems, Medical Systems, NBC, Specialty Materials and Transportation Systems—delivered double-digit earnings growth.
GE says that it remains comfortable with its target range of $1.55-$1.70 per share for the year. (Business Wire)
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