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General Electric Q1 revenues $17.12 billion

Christian Fernsby |
General Electric reported first quarter adjusted EPS of $0.03 compared to $0.02, prior year.

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First quarter earnings from continuing operations attributable to shareholders declined to $20 million from $6.17 billion, prior year. Continuing EPS was breakeven compared to $0.70.

First quarter total revenues were $17.12 billion, down 12% from prior year. Industrial organic revenues were $16.0 billion, down 10%. Total orders were $17.0 billion, down 13%; organic orders declined 8%.

GE reiterated its total company outlook for full-year 2021. GE Industrial revenues are expected to grow organically in the low-single-digit range. Adjusted earnings per share is estimated in a range of $0.15 to $0.25.

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