WASHINGTON (Reuters) – With a deadline looming this week to avert a U.S. government shutdown, Congress returns to work as President Donald Trump leans on Democrats to include funding for his promised border wall with Mexico in spending legislation. The Republican president took to Twitter on Sunday to warn Democrats that the Affordable Care Act, […]
GE revenue falls 1 percent
(Reuters) – General Electric Co <GE.N> reported a 1 percent decline in quarterly revenue on Friday, hurt by lower sales in its oil and gas and lighting businesses.
However, earnings from continuing operations attributable to GE shareholders rose to $858 million in the first quarter ended March 31, from $248 million a year earlier.
Earnings per share from continuing operations rose to 10 cents from 3 cents. (http://invent.ge/2obaxNT)
Total revenue fell to $27.66 billion from $27.85 billion.
(Reporting by Rachit Vats in Bengaluru; Editing by Sriraj Kalluvila)
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