GE (GE) hit Wall St.'s EPS forecast at $.54 and beat revenue estimates coming in at $46.9 billion above the $45.3 billion concensus.
The revenue increase was 11% over the same quarter last year. GE also reaffirmed its EPS forecast for the year at $2.20 to $2.30.
The company's powerful infrastructure group had a 24% increase in segement profit. The number was amazing give the unit's size. Its revenue for the quarter was $17.6 billion....MORE