GE says first-quarter revenue declined 8%, expects this quarter to be worse because of pandemic

GE says first-quarter revenue declined 8%, expects this quarter to be worse because of pandemic

General Electric reported Wednesday a steep decline in first-quarter revenue as the industrial giant took a hit amid the coronavirus pandemic. 

The company posted total revenue of $20.524 billion, which represents a year-over-year decline of 8%. On an adjusted per-share basis, the company earned 5 cents. That’s below a Refinitiv estimate of 8 cents per share. 

“The impact from COVID-19…

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