General Electric's Energy and Technology Infrastructure Segments Show Continued Growth Despite Overall Drop in Profits
General Electric's Energy and Technology Infrastructure Segments Show Continued Growth Despite Overall Drop in Profits
SUGAR LAND--April 21, 2009--Researched by Industrial Info Resources (Sugar Land, Texas)--General Electric Company (NYSE:GE) (GE) (Fairfield, Connecticut) recently reported earnings for the first quarter of the 2009 fiscal year. Consolidated net earnings for the company declined 35% year over year, moving from $4.30 billion in 1Q08 to $2.81 billion in 2009. GE faced substantial profit declines in the company's NBC Universal, Capital Finance and Consumer & Industrial segments, while the Energy Infrastructure and Technology Infrastructure segments showed growth.
Other companies featured: Hitachi Limited (NYSE:HIT)
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