
                         Roanoke Times
                 Copyright (c) 1995, Landmark Communications, Inc.

DATE: TUESDAY, April 16, 1991                   TAG: 9104160577
SECTION: BUSINESS                    PAGE: A5   EDITION: EVENING 
SOURCE: 
DATELINE:                                 LENGTH: Short

GE FIRST QUARTER EARNINGS UP 5.2%

General Electric Co., buoyed by productivity improvements and strong gains in its financial services sector, said Monday that its first quarter net income rose 5.2 percent to $999 million, or $1.15 a share. That compares with $950 million, or $1.06 a share, that GE earned in last year's first quarter. Revenues for the quarter were up 5.6 percent to $13.3 billion from $12.6 billion a year earlier.

The company, based in Fairfield, Conn. with major operations in Salem and Lynchburg, said growth in earnings per share outpaced growth in net earnings because of GE's five-year, $10 billion stock repurchase program. During the quarter, the company said it bought back 4 million shares.

-The New York Times

by CNB