GE revenue falls 1 percent

FeaturesReuters

General Electric Co reported a 1 percent decline in quarterly revenue on Friday, hurt by lower sales in its oil and gas and lighting businesses.

Continue Reading Below

However, earnings from continuing operations attributable to GE shareholders rose to $858 million in the first quarter ended March 31, from $248 million a year earlier.

Earnings per share from continuing operations rose to 10 cents from 3 cents. (http://invent.ge/2obaxNT)

Total revenue fell to $27.66 billion from $27.85 billion.

(Reporting by Rachit Vats in Bengaluru; Editing by Sriraj Kalluvila)