- Adjusted EPS of $0.16, up 14% from the $0.14 reported in the same quarter a year ago. Strong performance was seen in Aviation, Healthcare, Renewables, Transportation, & Corporate, partly offset by lower Power, Oil & Gas, & GE Capital earnings.
- Adjusted free cash flow of $(1.7)B, +$1.1B versus Q1 in 2017. The conglomerate also reaffirmed guidance despite recording a reserve of $1.5B related to the WMC FIRREA investigation in discontinued operations.
- "We reduced Industrial structural costs by $805M and are on track to exceed our cost reduction goal of $2B in 2018," said CEO John Flannery.
- Portfolio updates: The company said there's been significant progress on $20B+ of Industrial dispositions, GE Capital assets were down $1.5B during quarter (ex-liquidity), while a three-year strategic and financial forecast is in process.
- GE +5% premarket
- Q1 results
- Now read: Continue To Avoid General Electric Until It's Removed From The Dow 30
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