GE industrial first-quarter profit rises, revenue falls on stronger dollar

April 17, 2015 11:16 AM

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GE industrial first-quarter profit rises, revenue falls on stronger dollar

(Reuters) - General Electric Co's (GE.N) quarterly industrial earnings rose 9 percent, helped by cost cuts that expanded profit margins, as the U.S. conglomerate banks on manufacturing of jet engines, turbines and other big-ticket products as it unloads most of its finance business.

Revenue fell 1 percent in its industrial segments, hurt by a $950 million hit from the stronger dollar, GE said on Friday. Stripping out the currency drag and the impact from deals, sales rose 3 percent.

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