General Electric beats expectations in the first three months of 2012: net profits stood at 3,03 billion above analysts' expectations albeit down 10% compared to a year ago (3,43 billion). Revenues also decreased to 35,18 billion compared to 38,3 billion in the first three months of 2011.
At the divisional level, infrastructure generated €11,17 billion in revenues, the Ge Capital division €11,44 billion, Healthcare €4,3 billion and the Aviation division €4,89 billion. Industrial sector revenues grew 14% and orders grew 20% to $23,1 billion. Barring negative surprises, the goal is to generate double-digit earnings growth for both the Industrial division and the Ge Capital division. "Today's results demonstrate that we are achieving our Industrial division's growth objectives and that GE Capital continues to grow stronger," said President and CEO Jeff Immelt.
