Still, GE said it expects to hit its cash target of $12 billion to $14 billion for the full year. Investors have been watching cash flow as an indicator of GE's operating performance.
Revenue fell 1 percent to $27.66 billion at the maker of jet engines, power plants and other industrial equipment, due to lower sales in its oil-and-gas and lighting businesses. The figure beat analysts' estimates of $26.26 billion, according to Thomson Reuters I/B/E/S.
Earnings from continuing operations attributable to GE shareholders rose to $858 million in the quarter ended March 31, from $248 million a year earlier.
Earnings per share from continuing operations rose to 10 cents from 3 cents. Adjusted earnings of 21 cents a share were unchanged from a year ago and beat analyst estimates of 17 cents, according to Thomson Reuters I/B/E/S.Read more at Reuters