, services revenue was up 35% in the first quarter from a year ago. Services accounted for 70% of the unit's revenue last year.
Culp said that while labor supply has improved marginally, the company is still finding it challenging to find trained and skilled workers. The unit, part of the company's portfolio of energy businesses called GE Vernova, has failed to turn a profit in the past nine quarters. Its loss, however, narrowed in the first quarter from a year ago.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Singapore Singapore Latest News, Singapore Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
GE stock rises toward a 5-year high after big profit and revenue beats, surprisingly positive free cash flowShares of General Electric Co. climbed 0.7% toward a five-year high in premarket trading Tuesday, after the aerospace and energy company reported...
Source: MarketWatch - 🏆 3. / 97 Read more »
With F-150 Lightning in Norway, you can ford a fjord in an electric Ford - AutoblogFord's electric F-150 Lightning pickup truck is headed to Norway, where it will undoubtedly be out of its element.
Source: therealautoblog - 🏆 528. / 51 Read more »
Cupra Tavascan electric crossover debuts with aggressive 335 horsepowerCupra, the Spanish SEAT brand subsidiary (which itself is a subsidiary of Volkswagen), is apparently chasing a younger, less-conservative audience than the Spaniards with the Tavascan.
Source: therealautoblog - 🏆 528. / 51 Read more »
Audi Global Electric Car Sales Increased 43% In Q1 2023: 34,600In Q1, Audi increased all-electric car sales (globally) by 42.8 percent year-over-year to roughly 34,600 units. That's 8.3 percent of the total volume.
Source: InsideEVs - 🏆 579. / 51 Read more »