GE's profit from continuing operations surges
The logo of General Electric is seen at its plant in Baden, Switzerland November 15, 2017. REUTERS/Arnd Wiegmann - RC1ABBD69C90 (Reuters)
General Electric’s quarterly profit from continuing operations more than tripled on Friday, helped by strength in its aviation and healthcare businesses.
Earnings from continuing operations attributable to GE shareholders rose to $369 million in the first quarter ended March 31, from $122 million a year earlier.
Earnings per share from continuing operations rose to 4 cents from 1 cent, the company said.
Total revenue rose 6.6 percent to $28.7 billion.
(Reporting by Rachit Vats in Bengaluru; Editing by Saumyadeb Chakrabarty)