GE Posts $3.5 Billion First Quarter Profit

There’s some good news for General Electric.

The company posted a better-than-expected $3.5 billion profit for the first quarter of the year, a sign that they may be turning the corner.

GE's Power Division also posted a profit of $80 million.

That, too, was better than analysts had predicted.

Still, WGY Financial Analyst Steve Bouchey tells Chuck and Kelly investors need to be careful, adding the company isn’t out of the woods yet.

CEO Larry Culp, in a statement, said he's encouraged by the improvements being made.

Photo: Getty Images


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