GE revenue falls 1 percent

GE revenue falls 1 percent

REUTERS: General Electric Co reported on Friday that first-quarter cash flow from its industrial operations turned negative and was less than the company expected, though its earnings and revenue exceeded analyst estimates.GE reported a negative US$1.6 billion in cash flow from industrial operating activities compared with a negative US$600 million it expected for the quarter due to higher working capital and the timing of bills to customers.Still, GE said it expects to hit its cash target of US$12 billion to US$14 billion for the full year. Investors have been watching cash flow as an indicator of GE’s operating performance.Revenue fell 1 percent to US$27.66 billion at the maker of jet engines, power plants and other industrial equipment, due to lower sales in its oil-and-gas and lighting businesses. The figure beat analysts’ estimates of US$26.26 billion, according to Thomson Reuters I/B/E/S.Earnings from continuing operations attributable to GE shareholders rose to US$858 million in the quarter ended March 31,…