Wednesday, April 16th11.8°C
21417

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.

The Canadian Press


Read more Business News

17772


Recent Trending




Today's Market
S&P TSX14421.32+117.40
S&P CDNX993.291.19
DJIA16408.18145.62
Nasdaq4073.306+39.145
S&P 5001858.67+15.69
CDN Dollar0.9080-0.0028
Gold1301.20+1.20
Oil103.67-0.08
Lumber327.80+3.60
Natural Gas4.533-0.034

 
Okanagan Companies
Pacific Safety0.105-0.005
Knighthawk0.01-0.005
QHR Technologies Inc1.25-0.02
Cantex0.045-0.005
Anavex Life Sciences0.36-0.02
Metalex Ventures0.08+0.005
Russel Metals30.58+0.31
Copper Mountain Mining2.41+0.09
Colorado Resources0.2650.00
ReliaBrand Inc0.12-0.01
Sunrise Resources Ltd0.025-0.005
Mission Ready Services0.23-0.02

 
19691


21100

FEATURED Property
1907200837 Mount Royal Drive Kelowna, BC
5 bedrooms 4 baths
$1,295,000
more details
image2image2image2
Click here to feature your property
Please wait... loading


Valuation fears grip markets

The Big Picture Valuation fears grip markets Growing concerns about the level of stock market valuations sparked a risk-off trade in global markets this week. Investors are worried that many companies...


Quick and nimble

Photo: ContributedFor many businesses this has been a tremendously difficult time since the 2008 crisis. Business fell off. Sales techniques that always worked, well… stopped working. Customers...


Keeping a clear focus on the future

Many times when we are gripped by fear it can be one of two mental challenges that we can learn to overcome. Photo: ContributedThe Fear is completely imaginary. In this situation there may be no fact...

_



21641

21641


Member of BC Press Council


21202