General Electric Co reports a profit

Connecticut: General Electric Co reported a first-quarter profit that topped analysts’ estimates as the finance unit stabilised and industrial equipment and service orders stayed level.

Profit from continuing operations fell to 21 cents a share from 26 cents a year earlier, the company said. The results exceeded the 16-cent average estimate of 10 analysts surveyed by Bloomberg.

Revenue dropped 4.8% to $36.6 billion (€26.98bn), trailing projections.