General Electric Gains On Upbeat Q1 Earnings

Shares of General Electric Co GE gained in pre-market trading after the company reported upbeat Q1 earnings and lifted its quarterly dividend. GE reported its Q1 net profit at $3.43 billion, up from $1.95 billion, in the year-ago period. The company's earnings came in at $0.31 per share, up from $0.17 per share. GE's operating earnings came in at $3.6 billion, or $0.33 per share. The company's revenue increased 6% to $38.4 billion. However, analysts were expecting earnings of $0.28 per share. GE also raised its quarterly dividend by $0.01 per share to $0.15 per share. GE shares gained 3.19% to $21.05 in pre-market trading. Read more from Benzinga's Company news.