Analysts, who earlier in the day hailed GE's (GE -3.8%) better-than-expected Q1 revenue, turn...

|By:, SA News Editor

Analysts, who earlier in the day hailed GE's (GE -3.8%) better-than-expected Q1 revenue, turn negative as Jeff Immelt says GE will try to boost earnings by cutting $1B in costs this year rather than relying primarily on sales growth (conference call). "The level of uncertainty in terms of their ability to meet their goals has risen," says one. Nomura calls the quarter "broadly disappointing."