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GE Blows First Quarter

Jeff Zucker

First Posted: 04/19/08 06:12 AM ET Updated: 05/25/11 01:30 PM ET

Silicon Alley Insider:

GE just missed its Q1, by a lot, and lowered estimates for 2008. First reports are pinning the blame on its financial services businesses.

But don't pin this one entirely on the credit crunch. NBC U was also a laggard. It posted revenue growth of 3% and profit growth of 3%; in January, GE had predicted 10% revenue growth and profit increases of 5-10%.

Read the whole story: Silicon Alley Insider

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Filed by Michelle Kung  |