GE Appliance Revenues Up 5% in 1Q 2012
GE Corporation’s Home & Business Solutions business segment had revenues of $2,091 million in the first quarter of 2012, up 5% from the first quarter of 2011. Segment profits were 66 million, down 11%. GE said revenue for its appliances business, which is part of Home & Business Solutions, was up 8% while the core industry down 10%. New product introduction spending was 24%, aimed at refreshing the product line.
GE’s lighting business, which is also part of the Home & Business Solutions business segment, faced challenges in its European