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General Electric reports Q1 adjusted EPS 27c, consensus 14c

Reports Q1 revenue $14.5B, consensus $13.36B. Reports Q1 adjusted revenue $13.7B. GE Chairman and CEO and GE Aerospace CEO H. Lawrence Culp, Jr. said, "The GE team is off to an encouraging start in 2023, with our results reflecting robust market demand and our progress operating leaner and more focused businesses. In the first quarter, we delivered double-digit top-line growth with all segments up organically and continued strength in services, as well as margin expansion in all segments. And we reported our first positive free cash flow in the first quarter in nearly a decade."

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Published first on TheFly

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