SOURCE: Industrial Info Resources

April 21, 2009 05:00 ET

General Electric's Energy and Technology Infrastructure Segments Show Continued Growth Despite Overall Drop in Profits, an Industrial Info News Alert

SUGAR LAND, TX--(Marketwire - April 21, 2009) - Researched by Industrial Info Resources (Sugar Land, Texas) -- General Electric Company (NYSE:GE) (GE) (Fairfield, Connecticut) recently reported earnings for the first quarter of the 2009 fiscal year. Consolidated net earnings for the company declined 35% year over year, moving from $4.30 billion in 1Q08 to $2.81 billion in 2009. GE faced substantial profit declines in the company's NBC Universal, Capital Finance and Consumer & Industrial segments, while the Energy Infrastructure and Technology Infrastructure segments showed growth.

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