NEW YORK, April 13 (GenomeWeb News) - GE Healthcare's revenues for the first quarter of 2006 climbed 10 percent, and the segment's earnings increased 21 percent, General Electric reported today.
For the quarter ending March 31, GE Healthcare had $3.7 billion in revenues, up from $3.3 billion during the same quarter in 2005.
GE Healthcare's earnings for the quarter amounted to $496 million, up from $409 million in the first quarter of 2005.
General Electric's total revenues for the quarter were $23.5 billion, up from $21.4 billion during the same period last year. The company reported $4.3 billion, or $.41 per share, in total earnings for the quarter, up from $4 billion, or $.37 per share, during the same quarter in 2005.
GE Healthcare did not break out its research and development expenses for the quarter.
As of March 31, GE had $53.6 billion in cash and marketable securities.