GE Blows First Quarter
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%.