General Electric Company (NYSE:GE) shares are trading lower Tuesday after the company reported financial results and announced it's experiencing ongoing challenges stemming from the Russia-Ukraine conflict, COVID-19 impacts in China, inflationary pressures and material sourcing delays.
Despite the challenges, GE reported first-quarter revenue of $17.04 billion, which beat the $16.91 billion estimate. The company reported quarterly earnings of 24 cents per share, which beat the estimate of 19 cents per share. GE also reported total orders of $18.9 billion in the quarter.
