UPDATE: General Electric Posts Upbeat Q1 Earnings - GE Aero (NYSE:GE)

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General Electric Co (NYSE: GE) reported a drop in its first-quarter profit.GE's quarterly profit fell to $3 billion, or $0.30 per share, versus a year-ago profit of $3.53 billion, or $0.34 per share. Its operating earnings came in at $0.33 per share. Its revenue slipped to $34.2 billion. However, analysts were projecting operating earnings of $0.32 per share on revenue of $34.36 billion.GE shares gained 0.69% to $26.30 in pre-market trading.

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