Summary
General Electric Company (GE) filed an 8-K on April 8, 2004, to report its first-quarter 2004 earnings results. The company announced unaudited consolidated revenues of $33.4 billion for Q1 2004, an increase from $30.5 billion in the prior year's first quarter. Net earnings for the quarter were $3.2 billion, up from $3.0 billion in Q1 2003. These figures reflect the company's ongoing performance and are presented in line with Regulation FD disclosure requirements. The filing primarily serves to disseminate GE's Q1 2004 earnings press release, which provides a more detailed breakdown of financial performance. Investors can look to this release for insights into the revenue growth and earnings improvement, as well as potential commentary on the drivers behind these results. The inclusion of the consent of KPMG LLP (Exhibit 23) suggests that the financial information, while unaudited, has undergone some form of attestation or review.
Key Highlights
- 1GE reported Q1 2004 consolidated revenues of $33.4 billion, up from $30.5 billion in Q1 2003.
- 2Q1 2004 net earnings reached $3.2 billion, an increase compared to $3.0 billion in Q1 2003.
- 3Earnings before accounting changes for Q1 2004 were $3.2 billion.
- 4The 8-K filing includes a press release detailing GE's first-quarter 2004 earnings.
- 5The information is furnished under Regulation FD, ensuring public dissemination of material information.
- 6A consent from KPMG LLP is included as an exhibit, suggesting financial information has been reviewed.
- 7The report details unaudited consolidated revenues, earnings before income taxes and accounting changes, earnings before accounting changes, and net earnings for Q1 2004.