Tread carefully with General Electric (GE) - Get Report , it still has a long road to recovery.

Shares of the one-time industrial powerhouse rose more than 3% in pre-market trading as it posted first-quarter earnings 4 cents ahead of Wall Street estimates. The struggling company also reiterated its full year profit outlook of $1.00 to $1.07 and its expectation for free cash flow. 

But the quarter was far from clean. Watch below for instant analysis.