GE profit, revenue top Wall Street forecasts
(Reuters) - General Electric Co topped Wall Street's profit and revenue forecasts for the first quarter, helped by strong demand for energy equipment and railroad locomotives. The largest U.S. conglomerate said on Friday industrial orders had risen 20 percent in the quarter and that selling prices had improved in most of its businesses. This should help Chief Executive Officer Jeff Immelt achieve his goal of boosting profit margins this year. "Global markets are improving, but volatility remains," Immelt told investors on a conference call. ...
Source: news.yahoo.com
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