More on GE's Q1 results: "GE's markets were mixed," Immelt says, with strength coming from the...

|By:, SA News Editor

More on GE's Q1 results: "GE's markets were mixed," Immelt says, with strength coming from the U.S. and emerging markets but Europe showing weakness. Industrial sales were $22.3B, -6% Y/Y, led by a drop in power and water revenue. Aviation sales rose 4% and transportation gained 12%, boosting GE's equipment and services backlog to a record $216B. Shares -1.3% premarket.