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.

For details, view the entire article by subscribing to Industrial Info's Premium Industry News at http://www.industrialinfo.com/showNews.jsp?newsitemID=145931, or browse other breaking industrial news stories at www.industrialinfo.com.

Industrial Info Resources (IIR) is a marketing information service specializing in industrial process, energy and financial related markets with products and services ranging from industry news, analytics, forecasting, plant and project databases, as well as multimedia services. For more information send inquiries to industrialmanufacturing@industrialinfo.com or visit us online at www.industrialinfo.com.

Related News Articles

Pharma Company Baxter International Bucks Trends With 20% Increase in 1Q09 Net Income

Lower Shipping Volumes Cause Revenue Drop for CSX

One-Time Gain Helps to Boost Abbott's Profit 53% by Offsetting Lower Sales