General Electric Company is planning to sell out its businesses that are not returning a minimum of 10% profit on its revenues General Electric Company (GE) announced results for the first quarter of its fiscal 2014 (1QFY14), in which revenues and profits declined over last year’s comparable period. GE reported revenues of $34.2 billion for 1QFY14, a decline of 2% year-over-year (YoY). Adjusted earnings for the industrial conglomerate dropped 5.7% to 33 cents per share. The Industrial segment’s profit margin expanded by 50 basis points (bps) over the previous year to 12%, meeting its goal of a profit margin of at least 10%. The company is now looking to sell off its assets that are not meeting its minimum profit margin target. General Electric saw revenues in its largest segment, Aviation, increase 14% YoY to $5.78 billion, while profits were up 19% to $1.12 billion. The operating profit margin expanded by 90bps to 19.3%, the highest among all segments. The conglomerate’s second-largest segment, Water & Power, witnessed growth of 14% over the year-earlier period to $5.5 billion, while profits soared 24% to $888 million. The operating profit margin for the segment edged up 120bps YoY to 16.1%.