Europe's weakness crimped GE's overall industrial profit margin, with the figure coming in at 12.9% in the first quarter, compared with 13.7% in the year-ago period. GE has been relying on its industrial business to fuel growth as it shrinks its GE Capital finance arm, and the company has vowed to grow the industrial margin by 0.7 percentage point this year.
it's amazing how the market react in one day.... for the blind eye that lives by the selling now to make few dollars and not waiting for better days.... I doubt he/she will be able to buy again at this price level in the near future. GE will still grow and be stronger than ever!