Stocks in the news: Citigroup, General Electric, Google

Filed under: Company News Citigroup Inc. ( C ) ended a five-quarter losing streak by posting a $1.6 billion profit on gains from an accounting rule that helps companies in distress. But the bank posted a loss per share of 18 cents because of payment of preferred dividends, beating analyst estimates for a loss of 32 cents. Meanwhile, revenue nearly doubled , reaching $24.79 billion. Shares jumped 6 percent before the bell. General Electric ( GE ) first- quarter profit also topped estimates , falling less than expected, as demand for

energy equipment and jet engines tempered the effects of real- estate losses and rising consumer-credit defaults at GE Capital. Profit from continuing operations declined 35 percent to $2.83 billion, or 26 cents a share, 4 pennies better than expected. Shares were higher in pre-market trade. Continue reading Stocks in the news: Citigroup, General Electric, Google Stocks in the news: Citigroup, General Electric, Google originally appeared on DailyFinance on Fri, 17 Apr 2009 09:00:00 EST. Money.Finance|Finance|Finance

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Stocks in the news: Citigroup, General Electric, Google