General Electric Results Show You Can't Keep A Good Behemoth Down
By Stephen Simpson:GE Capital's rampant over-expansion and risk exposures didn't wreck General Electric (GE), but it came closer than it should have ever been allowed. While GE has been busy fixing the financing arm (largely by reining in operations), it has also been actively building operations like energy services/equipment and power generation. While GE has already come back from the worst of its malaise, there's still fairly solid potential left in this huge industrial conglomerate.
Surprising Solid First Quarter Results
When it comes to growth, GE's industrial operations delivered in spades. While total company revenue fell 8%, organic growth was 4%. In the industrial business, though, organic growth was a surprisingly strong 11% - nearly doubling many sell-side guesstimates. Organic order growth of 14% was further confirmation that GE is at a good place in this cycle.Profitability was likewise a product of where you look. Total company profits fell 5% asComplete Story »