{"id":383996,"date":"2011-04-21T11:28:21","date_gmt":"2011-04-21T11:28:21","guid":{"rendered":"http:\/\/www.ghanamma.net\/2011\/04\/21\/ge-beats-earnings-forecasts-raises-dividend\/"},"modified":"2011-04-21T11:28:21","modified_gmt":"2011-04-21T11:28:21","slug":"ge-beats-earnings-forecasts-raises-dividend","status":"publish","type":"post","link":"https:\/\/www.ghanamma.com\/2011\/04\/21\/ge-beats-earnings-forecasts-raises-dividend\/","title":{"rendered":"GE beats earnings forecasts, raises dividend"},"content":{"rendered":"
\n

\"jeffrey_immelt.gi.top.jpg\"General Electric’s CEO Jeffrey Immelt.<\/strong><\/span> By Annalyn Censky, staff reporter<\/span>April 21, 2011: 8:46 AM ET<\/span><\/p>\n

NEW YORK (CNNMoney) — General Electric reported higher first-quarter earnings and revenue Thursday, topping analysts’ estimates.<\/p>\n

The Fairfield, Conn.-based industrial conglomerate logged earnings of $3.4 billion, or 31 cents per share, up 48% from a year earlier. Analysts polled by Thomson Reuters had expected earnings of 28 cents a share.<\/p>\n

“As today’s results show, GE has emerged from the recession a stronger, more competitive company,” CEO Jeffrey Immelt<\/a> said in a press release.<\/p>\n

Immelt attributed the growth to GE’s health care, transportation and aviation businesses.<\/p>\n

GE Capital, the company’s banking division, earned $1.8 billion after tax, more than triple its year-earlier results. The company’s biggest division is still recovering from the huge losses suffered during the recession.<\/strong><\/p>\n

GE’s energy infrastructure business, which accounts for roughly a quarter of overall revenue, reported a 7% decline in earnings — but Immelt said he expects that business to “return to growth in the second half of this year.”<\/p>\n

Overall revenue came in at $38.4 billion, exceeding expectations for $34.6 billion.<\/p>\n

The company also raised its quarterly dividend by one cent, to 15 cents per share.<\/p>\n

GE (GE<\/a>, Fortune 500<\/a>) shares rose 4.3% following the news.<\/p>\n

GE has recently been under pressure, facing criticism about its 2010 taxes<\/a> and its role in the nuclear crisis following Japan’s March 11 earthquake. GE designed all six nuclear reactors at Japan’s crippled Fukushima Daiichi nuclear power plant.<\/p>\n

GE made no mention of Japan in its earnings release.<\/p>\n

During the first quarter, GE sold a major stake in its NBC Universal media unit<\/a> to cable giant Comcast, whose programming includes E!, the Style Network and several cable sports stations. The new venture, called NBCUniversal, LLC, is now 51% owned by Comcast (CMCSA<\/a>, Fortune 500<\/a>) and 49% owned by GE.<\/p>\n

GE said the profit it earned on the deal was nearly wiped out by restructuring costs.<\/p>\n","protected":false},"excerpt":{"rendered":"

General Electric’s CEO Jeffrey Immelt. By Annalyn Censky, staff reporter April 21, 2011: 8:46 AM ET NEW YORK (CNNMoney) — General Electric reported higher first-quarter earnings and revenue Thursday, topping analysts’ estimates. <\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-383996","post","type-post","status-publish","format-standard"],"yoast_head":"\nGE beats earnings forecasts, raises dividend - Ghanamma.com<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.ghanamma.com\/2011\/04\/21\/ge-beats-earnings-forecasts-raises-dividend\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"GE beats earnings forecasts, raises dividend - Ghanamma.com\" \/>\n<meta name=\"twitter:description\" content=\"General Electric's CEO Jeffrey Immelt. By Annalyn Censky, staff reporter April 21, 2011: 8:46 AM ET NEW YORK (CNNMoney) -- General Electric reported higher first-quarter earnings and revenue Thursday, topping analysts' estimates.\" \/>\n<meta name=\"twitter:image\" content=\"http:\/\/www.ghanamma.net\/wp-content\/uploads\/2011\/04\/c0adjeffrey_immelt.gi_.top_.jpg\" \/>\n<meta name=\"twitter:creator\" content=\"@ghanamma\" \/>\n<meta name=\"twitter:site\" content=\"@ghanamma\" \/>\n<meta name=\"twitter:label1\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data1\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.ghanamma.com\/2011\/04\/21\/ge-beats-earnings-forecasts-raises-dividend\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.ghanamma.com\/2011\/04\/21\/ge-beats-earnings-forecasts-raises-dividend\/\"},\"author\":{\"name\":\"\",\"@id\":\"\"},\"headline\":\"GE beats earnings forecasts, raises dividend\",\"datePublished\":\"2011-04-21T11:28:21+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.ghanamma.com\/2011\/04\/21\/ge-beats-earnings-forecasts-raises-dividend\/\"},\"wordCount\":319,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.ghanamma.com\/2011\/04\/21\/ge-beats-earnings-forecasts-raises-dividend\/#primaryimage\"},\"thumbnailUrl\":\"http:\/\/www.ghanamma.net\/wp-content\/uploads\/2011\/04\/c0adjeffrey_immelt.gi_.top_.jpg\",\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.ghanamma.com\/2011\/04\/21\/ge-beats-earnings-forecasts-raises-dividend\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.ghanamma.com\/2011\/04\/21\/ge-beats-earnings-forecasts-raises-dividend\/\",\"url\":\"https:\/\/www.ghanamma.com\/2011\/04\/21\/ge-beats-earnings-forecasts-raises-dividend\/\",\"name\":\"GE beats earnings forecasts, raises dividend - Ghanamma.com\",\"isPartOf\":{\"@id\":\"https:\/\/www.ghanamma.com\/2011\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.ghanamma.com\/2011\/04\/21\/ge-beats-earnings-forecasts-raises-dividend\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.ghanamma.com\/2011\/04\/21\/ge-beats-earnings-forecasts-raises-dividend\/#primaryimage\"},\"thumbnailUrl\":\"http:\/\/www.ghanamma.net\/wp-content\/uploads\/2011\/04\/c0adjeffrey_immelt.gi_.top_.jpg\",\"datePublished\":\"2011-04-21T11:28:21+00:00\",\"author\":{\"@id\":\"\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.ghanamma.com\/2011\/04\/21\/ge-beats-earnings-forecasts-raises-dividend\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.ghanamma.com\/2011\/04\/21\/ge-beats-earnings-forecasts-raises-dividend\/#primaryimage\",\"url\":\"http:\/\/www.ghanamma.net\/wp-content\/uploads\/2011\/04\/c0adjeffrey_immelt.gi_.top_.jpg\",\"contentUrl\":\"http:\/\/www.ghanamma.net\/wp-content\/uploads\/2011\/04\/c0adjeffrey_immelt.gi_.top_.jpg\"},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.ghanamma.com\/2011\/#website\",\"url\":\"https:\/\/www.ghanamma.com\/2011\/\",\"name\":\"Ghanamma.com\",\"description\":\"News In Ghana - Latest Ghana News Headlines\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.ghanamma.com\/2011\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"GE beats earnings forecasts, raises dividend - Ghanamma.com","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.ghanamma.com\/2011\/04\/21\/ge-beats-earnings-forecasts-raises-dividend\/","twitter_card":"summary_large_image","twitter_title":"GE beats earnings forecasts, raises dividend - Ghanamma.com","twitter_description":"General Electric's CEO Jeffrey Immelt. By Annalyn Censky, staff reporter April 21, 2011: 8:46 AM ET NEW YORK (CNNMoney) -- General Electric reported higher first-quarter earnings and revenue Thursday, topping analysts' estimates.","twitter_image":"http:\/\/www.ghanamma.net\/wp-content\/uploads\/2011\/04\/c0adjeffrey_immelt.gi_.top_.jpg","twitter_creator":"@ghanamma","twitter_site":"@ghanamma","twitter_misc":{"Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.ghanamma.com\/2011\/04\/21\/ge-beats-earnings-forecasts-raises-dividend\/#article","isPartOf":{"@id":"https:\/\/www.ghanamma.com\/2011\/04\/21\/ge-beats-earnings-forecasts-raises-dividend\/"},"author":{"name":"","@id":""},"headline":"GE beats earnings forecasts, raises dividend","datePublished":"2011-04-21T11:28:21+00:00","mainEntityOfPage":{"@id":"https:\/\/www.ghanamma.com\/2011\/04\/21\/ge-beats-earnings-forecasts-raises-dividend\/"},"wordCount":319,"commentCount":0,"image":{"@id":"https:\/\/www.ghanamma.com\/2011\/04\/21\/ge-beats-earnings-forecasts-raises-dividend\/#primaryimage"},"thumbnailUrl":"http:\/\/www.ghanamma.net\/wp-content\/uploads\/2011\/04\/c0adjeffrey_immelt.gi_.top_.jpg","inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.ghanamma.com\/2011\/04\/21\/ge-beats-earnings-forecasts-raises-dividend\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.ghanamma.com\/2011\/04\/21\/ge-beats-earnings-forecasts-raises-dividend\/","url":"https:\/\/www.ghanamma.com\/2011\/04\/21\/ge-beats-earnings-forecasts-raises-dividend\/","name":"GE beats earnings forecasts, raises dividend - Ghanamma.com","isPartOf":{"@id":"https:\/\/www.ghanamma.com\/2011\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.ghanamma.com\/2011\/04\/21\/ge-beats-earnings-forecasts-raises-dividend\/#primaryimage"},"image":{"@id":"https:\/\/www.ghanamma.com\/2011\/04\/21\/ge-beats-earnings-forecasts-raises-dividend\/#primaryimage"},"thumbnailUrl":"http:\/\/www.ghanamma.net\/wp-content\/uploads\/2011\/04\/c0adjeffrey_immelt.gi_.top_.jpg","datePublished":"2011-04-21T11:28:21+00:00","author":{"@id":""},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.ghanamma.com\/2011\/04\/21\/ge-beats-earnings-forecasts-raises-dividend\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.ghanamma.com\/2011\/04\/21\/ge-beats-earnings-forecasts-raises-dividend\/#primaryimage","url":"http:\/\/www.ghanamma.net\/wp-content\/uploads\/2011\/04\/c0adjeffrey_immelt.gi_.top_.jpg","contentUrl":"http:\/\/www.ghanamma.net\/wp-content\/uploads\/2011\/04\/c0adjeffrey_immelt.gi_.top_.jpg"},{"@type":"WebSite","@id":"https:\/\/www.ghanamma.com\/2011\/#website","url":"https:\/\/www.ghanamma.com\/2011\/","name":"Ghanamma.com","description":"News In Ghana - Latest Ghana News Headlines","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.ghanamma.com\/2011\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"}]}},"_links":{"self":[{"href":"https:\/\/www.ghanamma.com\/2011\/wp-json\/wp\/v2\/posts\/383996","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.ghanamma.com\/2011\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.ghanamma.com\/2011\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/www.ghanamma.com\/2011\/wp-json\/wp\/v2\/comments?post=383996"}],"version-history":[{"count":0,"href":"https:\/\/www.ghanamma.com\/2011\/wp-json\/wp\/v2\/posts\/383996\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.ghanamma.com\/2011\/wp-json\/wp\/v2\/media?parent=383996"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.ghanamma.com\/2011\/wp-json\/wp\/v2\/categories?post=383996"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.ghanamma.com\/2011\/wp-json\/wp\/v2\/tags?post=383996"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}