General Electric Q1 revenues $17.12 billion
Topics: GENERAL ELECTRIC
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. ■