General Electric (GE) NewsBite - General Electric Posts Disappointing Q1 Earnings
Posted on April 11, 2008 at 09:42 AM EDT
General Electric Co. (GE) opened at 32.50. So far today, the stock has hit a low of 32.31 and a high of 33.01. GE is now trading at 32.26, down 4.49 (-13.82%). The stock hit its 52 week high of 42.15 in October and set its 52 week low of 31.65 in March. The stock has been losing ground since the month of October of last year. General Electric reported this morning its first-quarter profit fell 6 percent to $4.3 billion. The company posted earnings from continuing operations of 44 cents per share on revenue of $42.24 billion, while anal...(Click the story link or go to http://www.marketintelligencecenter.com for the full story)
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