General Electric (GE) shares were rallying early Tuesday as the industrial conglomerate reported first-quarter earnings that were well ahead of analysts’ expectations, even as revenue came in slightly below views.
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The Boston-based firm said adjusted earnings dipped by a penny year-on-year to $0.14 a share, but that was well ahead of the consensus on Capital IQ for $0.09 a share. Revenue was down by 2% to $27.3 billion, shy of the Street’s view for $27.4 billion.