GE Net Falls 12%; Energy Unit Shines – The Wall Street Journal.

April 21, 2012 Leave a comment


I thought you would be interested in the following story on WSJ.com.

GE Net Falls 12%; Energy Unit Shines

http://online.wsj.com/article/SB10001424052702303513404577355431016148156.html

General Electric Co. GE -0.29%said first-quarter earnings declined 12% but rose on an operating basis, fueled by renewed profit growth at its big energy-infrastructure division.

 WSJ Ahead of the Tape columnist Spencer Jakab makes a stop on Mean Street to look at GE’s earnings and how the company’s GE Capital division is giving investors a reason to consider jumping in. Photo: Sebastien Bozon/AFP/Getty Images.

Overall margins at the conglomerate’s industrial businesses, which it has been counting on to drive results as it shrinks its GE Capital finance arm, continued to slip, however, even as revenue and profit increased. GE’s combined industrial profit margin came in at 13.8% in the first quarter, down from 14.3% in the year-earlier period.

Filed under IV. Corporate Strategy

About Ben Gomes-Casseres
Author or REMIX STRATEGY. Professor at Brandeis University. Researcher, speaker, consultant on strategy of business combinations.

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