General Electric Co. (GE) reported first quarter operating EPS of $0.39 Friday morning, compared to $0.34 in the prior year period. The consensus estimate was for EPS of $0.35. Total revenues and other income for the quarter slightly declined to $35.01 billion from $35.08 billion in the prior-year quarter, but came in above analysts' consensus estimate of $34.63 billion.
General Electric gapped open lower Friday and is now down 0.92 at $21.75. The stock has fallen to a 3-month low and has dropped below its 200-day moving average.
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