GE profit soars 77% in first quarter; shares gain

[Roland99]

Source: MarketWatch

General Electric Co. said Thursday first-quarter profit soared 77% from a year ago on strength in its transportation, health-care and aviation businesses.

The Fairfield, Conn.-based conglomerate GE +2.60% , considered a global bellwether due to the breadth of its businesses, reported earnings of $3.43 billion, or 31 cents a share, up from $1.95 billion, or 17 cents, in the year-ago period.

Operating earnings were $3.6 billion, or 33 cents a share. Quarterly revenue rose 6% to nearly $38.45 billion.

...

Shares of GE, part of the Dow Jones Industrial Average, rose about 3% in the premarket to $20.98. In the past year the stock has climbed about 7%.

Read more: http://www.marketwatch.com/story/ge-profit-soars-77-in-first-quarter-shares-gain-2011-04-21?dist=beforebell

[no_hypocrisy]

1. GE didn't share its gain with the IRS.

I shared mine.

[midnight]

2. In these very difficult times I thought we all had to share the pain/gain?

[CanonRay]

3. I'd be more profitable if I didn't pay taxes as well.

[Hotler]

4. Fuck the corporations. Fuck the rich. It's time for revolt. n/t

[naaman fletcher]

5. being partners with the government comes with benefits..

that are unavailable to its competitors.

[SpiralHawk]

6. "Don't forget to pay our taxes, Suckers." - GE (R)

"Paying taxes is for sucker Americans, not for republicon corporatists. Suckers."

- GE (R)

[cbdo2007]

7. It would be nice if they had to pay 40% taxes like my small business does.

[Historic NY]

8. Just think how much more revenue would be available to waste the GOP says....

on useless social programs. :banghead:

[OhioChick]

9. Where's that 'shared sacrifice?' n/t

[joanbarnes]

10. Can they pay their taxes yet?

[cbdo2007]

11. GE currently down 2% today

hahaha