49412
49141
S&P/TSX
16041.98
+25.52
(0.16%)
S&P-CDNX
801.23
+3.03
(0.38%)
S&P-500
2675.81
+23.80
(0.90%)
NASDAQ
6936.58
+80.06
(1.17%)
Dow
24651.74
+143.08
(0.58%)
Dollar
0.7773
-0.00430
(-0.550%)
Oil
57.34
+0.30
(+0.53%)
Gold
1257.90
+0.80
(+0.06%)
Silver
16.105
+0.171
(+1.07%)


GE lights up 4Q

General Electric Co. is reporting that net income rose 8 per cent in the fourth quarter as earnings at all of the conglomerate's industrial segments improved due to growth in developing economies.

GE, based in Fairfield, Conn., reported net income of $4 billion on revenue of $39.3 billion for the quarter. Last year during the same period the company earned $3.7 billion on sales of $38 billion. Per share earnings rose to 38 cents from 35 cents last year.

The company's operating profit per share was 44 cents, a penny higher than analysts polled by FactSet expected. GE's revenue also beat analyst expectations of $38.8 billion.

The company cited strong growth in emerging markets and in regions that are exploiting natural resources, including Russia, Australia, Latin America, China and Sub-Saharan Africa.



More Business News

48402
Recent Trending
46822
Okanagan Oldies
49249
Castanet Proud Member of RTNDA Canada
49452
Press Room
45227