BOSTON — General Electric, which is dealing with a pair of investigations, reported a quarterly loss for the first quarter due to a huge charge tied to a business it no longer owns, but the results were better than Wall Street had expected and the company reaffirmed its full-year earnings outlook.

The conglomerate booked a charge of $1.5 billion due to a settlement related to its former subprime mortgage business. For the three months ended March 31, GE lost $1.18 billion, or 14 cents per share. A year earlier it lost $117 million, or a penny per share.

Stripping out discontinued operations and one-time costs, earnings were 16 cents per share, which is a nickel better than analysts had projected, according to a poll by Zacks Investment Research, and the company says puts it ahead of its cost-cutting plans.

Revenue climbed to $28.66 billion from $26.88 billion, bolstered partly by strong performances from its aviation and health care segments.