Read as much as you want on BostonGlobe.com, anywhere and anytime, for just 99¢.

Mass. Movers

GE results pulled down by European crisis

GE has units in Billerica, Lynn, and Avon, Mass.

Associated Press/File

GE has units in Billerica, Lynn, and Avon, Mass.

Continue reading below

General Electric’s first quarter results were dragged down by deteriorating economic conditions in Europe. CEO Jeff Immelt said he expected results in Europe to be bad in the quarter — and they were worse. Revenue from the region fell 17 percent compared with last year. GE’s net income of $3.5 billion, or 34 cents per share, vs. $3 billion, or 29 cents, a year earlier. Adjusted earnings were 35 cents per share. That matches what analysts surveyed by FactSet expected.

Loading comments...
Subscriber Log In

You have reached the limit of 5 free articles in a month

Stay informed with unlimited access to Boston’s trusted news source.

  • High-quality journalism from the region’s largest newsroom
  • Convenient access across all of your devices
  • Today’s Headlines daily newsletter
  • Subscriber-only access to exclusive offers, events, contests, eBooks, and more
  • Less than 25¢ a week
Marketing image of BostonGlobe.com
Marketing image of BostonGlobe.com